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US Agrees to Loan For Chipmaker That Went Bankrupt Last Year
Source: Bloomberg
Technology & InnovationInfrastructure & DefenseCompany Fundamentals
The US Defense Department pledged a conditional loan of up to $1.5 billion to Wolfspeed, which filed for bankruptcy last year. The funding would support development of materials Wolfspeed describes as important to national security; the article does not report final loan terms or market reaction.
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