US Defense Department pledges conditional Wolfspeed loan of up to $1.5 billion

Published Wednesday, October 7, 2026 · 10:43 PM EDT

The US Defense Department pledged a conditional loan of as much as $1.5 billion to Wolfspeed, Bloomberg reported. The financing would support development of materials the chipmaker describes as key to national security. Wolfspeed filed for bankruptcy last year.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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