- Wolfspeed manufactures its chips for EV autos and more. - Wolfspeed has received a $750 million grant from the U.S. government - Wolfspeed has raised the same amount from Apollo Global Management - Expansion is planned for North Carolina and New York - New projects are expected to create 2+ thousand jobs - Wolfspeed wants a 25% tax credit for the facilities - In total, it plans to give back approximately $1 billion - Refunds for the company have already been about $640 million - Wolfspeed's last annual profit was 10 years ago - Quarterly net profit last time was 6 years ago