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

_Published Wednesday, October 7, 2026 at 10:43 PM EDT · Policy, Infrastructure · Latest · Tier 1 — Major_

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.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-10-07/us-agrees-to-loan-for-chipmaker-that-went-bankrupt-last-year)

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Canonical: https://techandbusiness.org/newswire/YZ-bLynvO3wRus8QUeTi08
Published: 2026-10-08T02:43:46.705Z
Story chronology: 2026-10-07T20:59:55.000Z
Retrieved: 2026-10-08T05:43:20.383Z
Publisher: Tech & Business (techandbusiness.org)