Wolfspeed Announces $750M in Proposed Funding From U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology
Wolfspeed Announces $750M in Proposed Funding From U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology
Today, the U.S. Department of Commerce and Wolfspeed (NYSE:WOLF) announced they have signed a non-binding preliminary memorandum of terms (PMT) for up to $750 million in proposed direct funding under the CHIPS and Science Act. In addition, a consortium of investment funds led by Apollo, The Baupost Group, Fidelity Management & Research Company and Capital Group have agreed to provide Wolfspeed an additional $750 million of new financing. Together these investments support Wolfspeed's long-term growth plans and bolster domestic production of silicon carbide to power clean energy systems underpinning electric vehicles (EVs), artificial intelligence (AI) data centers, battery storage and more. In addition, Wolfspeed expects to receive $1 billion of cash tax refunds from the advanced manufacturing tax credit under the CHIPS and Science Act (section 48D), giving the company, in total, access to up to $2.5 billion of expected capital to support the expansion of silicon carbide manufacturing in the United States.
今天，美国商务部和Wolfspeed（纽交所：WOLF）宣布他们已签署一项有意拟定的初步条款备忘录（PMT），拟为CHIPS和科学法案提供的直接资助达到75000万美元。此外，由Apollo、Baupost集团、Fidelity管理与研究公司以及Capital集团领导的投资基金财团同意为Wolfspeed提供额外75000万美元的新融资。这些投资共同支持Wolfspeed的长期发展计划，并增强国内碳化硅制造以支持清洁能源系统，为新能源车（EVs）、人工智能（AI）数据中心、电池存储等领域提供动力。此外，Wolfspeed预计将从CHIPS和科学法案（第48D条款）的先进制造业税收抵免中获得10亿美元的现金退税，从而使公司总共可获得25亿美元的资金用于支持在美国拓展碳化硅制造。
