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
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