Key Points
June 25 (Reuters) - A group of investors led by Apollo Global Management (APO.N) is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed (WOLF.N) to support its expansion in the U.S., media outlets reported on Sunday...
The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be drawn later, Bloomberg News reported...
In September last year, Wolfspeed said it will build a multi-billion dollar factory in Chatham County, North Carolina, to make the raw materials used for chips that power things like electric vehicles as demand surges...
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