Big government backing for Wolfspeed ($WOLF). The U.S. Department of War’s Office of Strategic Capital (OSC) just announced a $1.5 billion conditional loan commitment with Wolfspeed. Wolfspeed is a major U.S. producer of silicon carbide (SiC) materials and semiconductors, which are strategically important for power electronics, EVs, aerospace, defense systems and other high-performance applications. The interesting part here is the size: $1.5B is not a small industrial-policy bet. It looks like
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