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News Digest / Lukas Schmidt

Author: Lukas Schmidt
06:32am, Tuesday, Oct 15, 2024
Wolfspeed Secures $750 Million Federal Grant, Sparks 10% Pre-Market Stock Surge Amid Ambitious Expansion Plans
Wolfspeed (NYSE: WOLF) is set to receive $750 million in federal grants for its North Carolina silicon carbide plant, sparking a 10% pre-market stock surge. With an ambitious $6 billion expansion plan and support from major investors, the future looks promising.
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