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.

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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 »