The US awards $750M to Wolfspeed, which makes EV chips, alongside $750M in financing led by Apollo to build new $6B+ factories in North Carolina and New York (Bloomberg)

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Bloomberg:
The US awards $750M to Wolfspeed, which makes EV chips, alongside $750M in financing led by Apollo to build new $6B+ factories in North Carolina and New York  —  - US grant of $750 million will support NC, NY factory sites  — Company has struggled to turn a profit over the past decade

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