Wolfspeed Plans Semiconductor Hub Build for North Carolina

Wolfspeed Inc. plans to invest about $5 billion over the next eight years to develop a semiconductor manufacturing hub in Siler City, N.C., that will enable more clean energy development, Gov. Roy Cooper announced Friday.

Wolfspeed will create silicon carbide semiconductors, an important component in the assembly of electric vehicles, 5G networks, and renewable energy and storage.

“Wolfspeed’s decision further validates North Carolina as the epicenter of clean energy,” Cooper (D) said in a statement. “This is another milestone in our drive toward a clean energy economy as it will boost electric vehicle manufacturing and offshore wind while fighting climate ...