EconomyWolfspeed secures conditional U.S. defense loan commitment of up to $1.5 billion
Chipmaker Wolfspeed said it received a conditional commitment for up to $1.5 billion in loans from the U.S. Department of Defense to expand domestic production of silicon carbide materials and power devices. Its shares surged 27% in extended trading.
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Reuters★★★☆☆2026-10-07 22:30Original
Wolfspeed secures conditional U.S. defense loan commitment of up to $1.5 billion
Economy