Wolfspeed ( (WOLF) ) has issued an update.
Wolfspeed, Inc. has amended its indenture to issue an additional $750 million in notes, part of a larger financial strategy to enhance its silicon carbide production facilities in North Carolina and New York, supported by potential funding from the U.S. CHIPS and Science Act. Alongside this, Wolfspeed is securing $750 million from an investment group led by Apollo, enhancing its leadership in silicon carbide technology vital for industries like electric vehicles and AI data centers. This strategic move is expected to bolster Wolfspeed’s capital base and support its expansion plans, positioning it strongly in the semiconductor market.
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