Pentagon offers Wolfspeed a $1.5bn loan for a stake of up to 7.5%
The conditional Wolfspeed loan would first repay notes due in 2030. The chipmaker, which emerged from bankruptcy a year ago, makes materials the department says go into drones, radars and missile defence.
Via TNW | Semiconductors
The US Department of War has offered chipmaker Wolfspeed a conditional loan of up to $1.5bn over 30 years. In return, Wolfspeed would give the department warrants to buy up to 7.5% of the company. Wolfspeed filed for bankruptcy protection in June 2025.
The department’s Office of Strategic Capital announced the commitment on Wednesday. In its own announcement, Wolfspeed said the money would support US production of silicon carbide materials and power devices, with a focus on national security.
“SiC…
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