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Mobility

Chip supplier for GM, Mercedes qualifies for $750 million U.S. grant

Wolfspeed is headquartered in Durham, N.C.
Wolfspeed is headquartered in Durham, N.C.  (WOLFSPEED )
R
By:
Reuters
October 15, 2024 10:41 AM

WASHINGTON — Wolfspeed, a chipmaker for General Motors and Mercedes, is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant, the U.S. Commerce Department said Tuesday.

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