Wolfspeed receives USD 698.6 million from U.S. to accelerate silicon carbide materials

On December 1, Wolfspeed Inc., a leader in silicon carbide technology and production, announced that it has received USD 698.6 million in cash tax refunds from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code. 
As a part of the CHIPS Act of 2022 enacted under Presiden....

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