BUZZ-Wolfspeed receives conditional loan commitment of up to 1.5 billions USD from the US
路透社2026/10/07 20:32October 7 — Wolfspeed (WOLF.N), a chip company, saw its stock price rise by 27.4% in after-hours trading to $39.89. Wolfspeed announced it has received a conditional loan commitment of up to $1.5 billion over 30 years from the U.S. Department of Defense to expand domestic production of silicon carbide materials and power devices. “We believe the size of this conditional commitment and its 30-year duration reflect the long-term importance of Wolfspeed’s technical and manufacturing capabilities established in the U.S.,” said CEO Robert Feurle. As of the last trading day’s close, the company’s stock has risen about 80% year-to-date. (For the convenience of non-English speakers, Reuters has automated the translation of its report into several languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these texts and provides them solely for readers’ convenience. Reuters bears no responsibility for any damages or losses caused by the use of automated translations.)
October 7 - ** Shares of chipmaker Wolfspeed (WOLF.N) surged 27.4% in after-hours trading to $39.89
** Wolfspeed announced it has received a conditional loan commitment of up to $1.5 billion for 30 years from the U.S. Department of Defense (link) to expand domestic production of silicon carbide materials and power devices
** "We believe the size and 30-year term of this conditional commitment demonstrates the long-term importance of Wolfspeed’s technology and manufacturing capabilities established in the U.S.," Chief Executive Robert Feurle said
** As of the close of the previous trading day, the company's share price had gained about 80% so far this year
(To facilitate non-native English speakers, Reuters has automated its reporting into several other languages. As automated translation may be inaccurate or lack desired context, Reuters does not guarantee the accuracy of automated translations and provides them solely for the reader’s convenience. Reuters accepts no liability for any damage or loss caused by use of the automated translation feature.)
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.
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