What Happened
US Department of War Backs Domestic Silicon Carbide Production
Wolfspeed Inc. has received a conditional loan commitment of up to $1.5 billion from the US Department of War to support domestic development and production of silicon carbide materials and wide-bandgap power devices. The financing aims to advance key national security initiatives and strengthen the US defense and economic industrial base. Wolfspeed plans to use the funds to upgrade its gallium nitride epitaxy capabilities and develop radiation-hardening capabilities for its existing silicon carbide and future GaN products, as reported by ETElectronicsWorld.