U.S. Department of War Approves $1.5 Billion Loan for Wolfspeed

The U.S. Department of War's Office of Strategic Capital announced a conditional loan commitment of up to $1.5 billion for Wolfspeed, Inc., intended to strengthen the domestic supply chain for wide bandgap materials like silicon carbide and gallium nitride. This financing supports national security objectives by advancing production capabilities in defense applications such as electronic warfare systems and next-generation communications infrastructure. The deal aligns with President Trump's mandate to accelerate onshoring of semiconductor manufacturing, aiming to secure reliable U.S.-based industrial bases for critical military technologies.