Wolfspeed Shares Rise 23% After New Financing, Proposed CHIPS …

Oct 16, 2024  · Resize. By Stephen Nakrosis. Shares of chip company Wolfspeed were in the green in Tuesday's early-trading session, following news the company secured new financing …


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Wolfspeed Shares Rise 23% After New Financing, Proposed CHIPS …

1 week from now

Oct 16, 2024  · Resize. By Stephen Nakrosis. Shares of chip company Wolfspeed were in the green in Tuesday's early-trading session, following news the company secured new financing …

marketwatch.com

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Wolfspeed Announces $750M In Proposed Funding From U.S.

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Durham, N.C., October 15, 2024 – Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms …

wolfspeed.com

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Wolfspeed Stock Surges After Securing $1.5bn In Financing From …

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Oct 15, 2024  · Investing.com -- Wolfspeed (NYSE:WOLF) shares have surged more than 30% on Tuesday after the company announced that it will receive significant financial support, with …

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Wolfspeed Announces $750M In Proposed Funding From U.S.

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DURHAM, N.C., October 15, 2024--Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms …

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Wolfspeed Stock Jumps After Securing $1.5B In Funding From CHIPS …

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Oct 15, 2024  · Shares of Wolfspeed (NYSE:WOLF) climbed over 25% Tuesday morning after the Biden-Harris administration announced plans to provide up to $750M in direct funding to the …

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Wolfspeed Wins $1.5 Billion Financing From Chips Act, Apollo

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Oct 15, 2024  · In This Article: (Bloomberg) -- Wolfspeed Inc., a manufacturer of chips used primarily in electric vehicles, is in line to win $750 million in US government grants as well as …

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Biden Administration To Provide $750m To Wolfspeed For …

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Oct 15, 2024  · The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory …

fortune.com

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Wolfspeed Stock Soars As Semiconductor Maker Gets CHIPS Act, …

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Oct 15, 2024  · Wolfspeed said it could get up to $2.5 billion from government and investor money infusion. The semiconductor maker received a proposed $750 million from the CHIPS Act, and …

investopedia.com

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EV Chipmaker Wolfspeed Wins $1.5 Billion Financing

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Oct 15, 2024  · Wolfspeed’s shares rose 17% in premarket trading on Oct. 15 before New York exchanges opened. Its stock had declined 74% this year to $11.38 at the Oct. 14 close.

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U.S To Invest $750 Million In North Carolina Chip Company - Fast …

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Oct 15, 2024  · The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory …

fastcompany.com

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Wolfspeed Announces $750M In Proposed Funding From U.S.

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Oct 15, 2024  · Highlights: U.S. Department of Commerce proposes $750 Million in CHIPS and Science Act funding to support Wolfspeed’s North Carolina expansion and catalyze New York …

wolfspeed.com

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Wolfspeed Stock Soars 21%. The Chips Act Keeps On Giving.

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Oct 15, 2024  · Chips. Wolfspeed Stock Soars 21%. The Chips Act Keeps on Giving. By Elsa Ohlen. Updated Oct 15, 2024, 4:44 pm EDT / Original Oct 15, 2024, 7:46 am EDT. Share. …

barrons.com

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Why This EV And AI Chip Stock Soared 40% This Week

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04:25 PM ET 10/18/2024. Wolfspeed (WOLF) on Tuesday announced major chip funding ahead of the 2024 U.S. elections to speed up its EV and AI growth plans. Wolfspeed stock reversed …

investors.com

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Wolfspeed Announces $750M In Proposed Funding From U.S.

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Oct 15, 2024  · Wolfspeed CEO, Gregg Lowe, said, “To reach this milestone under the U.S. CHIPS and Science Act is an incredible achievement in Wolfspeed’s long-term growth …

businesswire.com

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Why Wolfspeed Rocketed Over 41% Just This Week

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Oct 18, 2024  · Shares of chipmaker Wolfspeed (WOLF -7.73%) rocketed 41.2% this week through Thursday trading, according to data from S&P Global Market Intelligence. Shares …

fool.com

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Wolfspeed Inc. Stock Quote (U.S.: NYSE) - MarketWatch

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2 days ago  · Wolfspeed Shares Rise 23% After New Financing, Proposed CHIPS Funding News ... Wolfspeed Shares Rally 21% Following Report of New Contracts Oct. 11, 2024 at 5:35 p.m. …

marketwatch.com

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Wolfspeed Stock Is Ripping Higher Tuesday: Here's Why

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Oct 15, 2024  · Wolfspeed expects to have access to up to $2.5 billion of additional capital in total. Wolfspeed Inc WOLF shares are trading higher Tuesday after the company announced new …

benzinga.com

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Wolfspeed, Inc. (NYSE:WOLF) Gains $1.5 Billion In Financing For EV …

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Oct 21, 2024  · We recently compiled a list of the 15 AI News Investors Should Not Miss. In this article, we are going to take a look at where Wolfspeed, Inc. (NYSE:WOLF) stands against the …

yahoo.com

FAQs about Wolfspeed Shares Rise 23% After New Financing, Proposed CHIPS … Coupon?

Is Wolfspeed in line for funding?

Shares of chip company Wolfspeed were in the green in Tuesday's early-trading session, following news the company secured new financing and may be in line for funding tied to the CHIPS acts. Before the bell, the company's shares were trading 23% higher, at $13.95. Pre-market volume topped 1 million shares. ...

Why did the Commerce Department propose $750 million for Wolfspeed?

The Commerce Department proposed $750 million in CHIPS and Science Act funding to support Wolfspeed's expansion in North Carolina and assist in its New York expansion. "Wolfspeed Shares Rise 23% After New Financing, Proposed CHIPS Funding News," at 6:24 a.m. ET on Oct. 15, incorrectly said it was the U.S. Chamber of Commerce. ...

Why did Wolfspeed announce a $750m funding?

On October 15, Wolfspeed, Inc. (NYSE:WOLF) announced a $750M in proposed funding from US CHIPS and Science Act in order to support the company’s North Carolina expansion as well as catalyze New York expansion. ...

Who invested in Wolfspeed?

In conjunction with the CHIPS Act funding, Wolfspeed also announced a matching $750 million investment from major investors Apollo, The Baupost Group, Fidelity Management & Research Company, and the Capital Group. ...

What good news did Wolfspeed get?

Wolfspeed then got not one but several pieces of good news on Tuesday and Wednesday. On Tuesday, the U.S. Department of Commerce signed a non-binding memorandum for $750 million in direct CHIPS Act funding for Wolfspeed to go toward its North Carolina and New York silicon carbide plant expansions. ...

Will Wolfspeed win $750 million in US government grants?

(Bloomberg) -- Wolfspeed Inc., a manufacturer of chips used primarily in electric vehicles, is in line to win $750 million in US government grants as well as $750 million in financing led by Apollo Global Management Inc. to support its factory expansion plans. Most Read from Bloomberg ...

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