Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips ...Middle East

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WASHINGTON (AP) — The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York. Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based company’s two projects are estimated to create 2,000 manufacturing jobs as part of a more than $6 billion expansion plan. “Artificial intelligence, electric vehicles, and clean energy are all technologies that will define the 21st

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Last updated : 15 October 2024 clock 12:09 PM

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Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips ...Middle East

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