The US Department of Defense plans to offer a $1.5 billion loan commitment to Wolfspeed.
智通财经2026/10/07 21:56The U.S. Department of Defense has provided Wolfspeed (WOLF.US), a chip manufacturer, with a conditional senior secured loan commitment of up to $1.5 billions for a 30-year term, to support domestic production of silicon carbide materials and wide bandgap power devices. According to deal terms still under negotiation, Wolfspeed will grant the Department of Defense warrants to purchase up to 7.5% of the company’s shares in stages. Last July, Wolfspeed filed for bankruptcy due to production issues at a key silicon carbide wafer manufacturing plant. The company stated that the funds would be used to expand production of silicon carbide materials and power devices for the telecommunications, aerospace, and defense sectors, and to upgrade material supply capability for military communication systems. Following the announcement, Wolfspeed’s stock price surged over 28% after hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Another wave of AI infrastructure financing! Broadcom (AVGO.US) is planning over 50 billions USD in financing for OpenAI's chip project.
According to Odaily, foreign media reported that Broadcom (AVGO, US) is arranging over 50 billions USD in financing for its joint development with OpenAI of custom artificial intelligence chips, becoming the latest example in a wave of financing deals for AI infrastructure.
Samsung Electronics’ Q3 operating profit reached 107.40 trillion won, up 782.5% year-on-year
Samsung Electronics reported Q3 sales of 195.00 trillion KRW, up 126.59% year-on-year; operating profit was 107.40 trillion KRW, an increase of 782.5% year-on-year.
EUR/USD hits 1.1200, up 0.04% intraday
The euro against the US dollar has just reached the 1.1200 level, now quoted at 1.1200, up 0.04% on the day.
CME Federal Reserve Watch: 80.6% probability of keeping interest rates unchanged in October
According to CME “FedWatch”: The probability that the Federal Reserve will keep interest rates unchanged through October is 80.6%, while the probability of a cumulative 25 basis point rate hike is 19.4%. By December, the probability of keeping rates unchanged is 21.7%, the probability of a cumulative 25 basis point hike is 64.1%, and the probability of a cumulative 50 basis point hike is 14.2%.
Crypto prices
More
