Wolfspeed has received $1.5 billion in funding from U.S. authorities and Apollo

- 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

Urbanism

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Twin towers of Chengdu. It resembles a giant LED panel

Chengdu Jiaozi Courtyard Towers, a multifunctional complex developed by MVRDV, aims to fill the last empty lot in the Jiaozi Park financial and business district in Chengdu. Located next to the central business complex of the district, Tianfu International Finance Center, this project consists of three office buildings and a conference center on a ring-shaped podium. Inspired by the local arch

Urbanism

City of future

Artem Vershinsky

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8 months ago

Mukaab. An architectural project of a skyscraper in the shape of a cube in Saudi Arabia

Saudi Arabia is currently constructing another impressive skyscraper, named Mukaab. This skyscraper will represent an ultra-high cube and will be the largest building in the world. According to the Public Investment Fund of the Saudi government, Mukaab is expected to reach 400 meters in height. It will also be as long and wide as 20 Empire State Buildings can fit inside it. The exterior of the bu

Urbanism

City of future

Wolfspeed has received $1.5 billion in funding from U.S. authorities and Apollo

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Twin towers of Chengdu. It resembles a giant LED panel

Mukaab. An architectural project of a skyscraper in the shape of a cube in Saudi Arabia