Wolfspeed Inc shares rose 11% after the US Department of War conditionally agreed to lend up to $1.5 billion over 30 years. The loan would give the government warrants to buy up to 7.5% of Wolfspeed's equity, providing long-term funding to support upgrades in gallium nitride technology and radiation-hardening capabilities. The deal is subject to approvals and due diligence. Wolfspeed, a maker of silicon carbide chips used in electric vehicles and power systems, aims to strengthen its financial position and technology investments with this financing.
Wolfspeed shares are trading at USD 31.19 on Pluang as of Oct 08, 2026 22:21 WIB, down 0.57% in the last day. The company's market cap stands at $1.66 billion, reflecting investor interest despite the recent loan news. Most Pluang users are buyers, with 90% of order activity favoring purchases over sales at this time.
