ChipsBloomberg Techabout 1 hour ago
DOD Offers Wolfspeed $1.5B Loan
1 min read
The US Defense Department pledged a conditional loan of up to $1.5 billion to Wolfspeed Inc., the chipmaker that filed for bankruptcy last year. In exchange, the company would issue warrants for up to 7.5% of its shares in tranches to support national security material development.
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