WASHINGTON (AP) — The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money...
WASHINGTON — 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 in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York.
Vice President Kamala Harris, the Democratic nominee, is making the case to voters that the administration's mix of incentives are increasing factory work, while former President Donald Trump, the Republican nominee, says the threat of broad tariffs will cause overseas factories to relocate in the United States.
Wolfspeed CEO Gregg Lowe told The Associated Press that the United States currently produces 70% of the world's silicon carbide — and that the investments will help the country preserve its lead as China ramps up efforts in the sector.Trump claims he’s ‘healthier than Kamala’ in rant about medical records as Harris brands him ‘unhinged’: Live
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