Beijing hit back in an escalating battle over semiconductors with the U.S. on Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry.
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In the wake of record-setting job creation announcements in 2020 and 2021, North Carolina continues to show why global media outlets heap praise on the state as a top business destination. Here’s a look at the 25 most job-rich investments as reported by Business North Carolina Magazine.
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Wolfspeed, committed to spending billions of dollars on semiconductor plant expansion in the U.S. and Germany, has reached private markets for new capital to help fund its infrastructure requirements.
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Wolfspeed CEO Gregg Lowe recently sat down with CNBC for an in-depth interview about the state of the silicon carbide market – Wolfspeed’s primary technology play. Trends toward silicon carbide are “unstoppable,” he says.
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Wolfspeed has cleared another hurdle in construction of a massive semiconductor factory in Chatham County, having secured an air quality permit from the N.C. Department of Environmental Quality’s Division of Air Quality
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Wolfspeed is stepping up its efforts to land federal funds to help underwrite the costs of its new semiconductor plant in Chatham County and ongoing expansion of its chip production in Durham by appealing directly to the Internal Revenue Service.
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Wolfspeed’s new semiconductor plant in New York is online and producing chips but that news Wednesday wasn’t enough to excite investors who sent the Durham company’s stock down 8% in afterhours trading.
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Wolfspeed and North Carolina A&T plan to seek federal funding for the building of a semiconductor research and development facility at he university’s campus in Greensboro as the two expand an education partnership that’s already designed to help Wolfspeed expand its workforce.
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President Joe Biden landed in the Triangle on Tuesday to kick off his administration’s Investing in America tour in an effort to revive American manufacturing.
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