Apollo leads big debt investment in chip maker Wolfspeed: reports

Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday.

The... Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday. Wolfspeed focuses on making silicon-carbide chips, which are used in electric vehicles, chargers and other products that seek less power usage in their semiconductors.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apollo Global leads debt investment in chipmaker Wolfspeed, media reportA group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday.
Source: Reuters - 🏆 2. / 97 Read more »