The US Department of War's Office of Strategic Capital provides the funds as a conditional 30 year loan of $1.5 billion. The loan's warrants are based on the volume weighted average price of the shares, and the credit was announced on October 7.
Wednesday, October 21, 2026
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US Department of War Commits $1.5B Loan to Wolfspeed
Tech14 days ago
Wolfspeed will issue warrants for up to 7.5% of its fully diluted equity to the US government to secure a strategic investment in its semiconductor operations. The financing agreement allows the company to upgrade its gallium nitride epitaxy and expand radiation hardening capabilities to bolster the national supply chain for wide bandgap materials.
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