Christian Koch Says Biden’s $750M Boost Reassures Wolfspeed’s Future

The Biden-Harris administration recently announced plans to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York. Poole professor Christian Koch said the Biden-Harris announcement offers reassurance in Wolfspeed’s future in the region.

“People were worried they may not make it in terms of liquidity and sustainably of the balance sheet and cash flows – because they’re losing money pretty quickly,” Koch said.

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