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Wolfspeed announces $750m in proposed funding from US CHIPS Act plus $750m from investment group

Wolfspeed notes that the importance of bolstering the domestic production of silicon carbide has been recognized across multiple US federal agencies; the Department of Energy denoted it as one of 17 ‘critical materials’ with a high risk of supply disruption that are integral to clean energy technologies, while the Department of Commerce recognizes it as important to national security.…