Wolfspeed Secures $750M Funding

This is a news story, published by Yahoo Finance, that relates primarily to Wolfspeed Inc. news.

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Nvidia rival Wolfspeed signs $750M deal under U.S. CHIPS and Science Act

Summary

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Nvidia rival Wolfspeed Inc. ( NYSE :WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act.

This announcement led to a surge in Wolfspeed ’s stock, which rose over 16% in pre-market trading.

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