American City Business Journals
CEO: Massive Wolfspeed factory could be just the start
Hours after announcing a massive, $5 billion, 1,800-job manufacturing facility in Chatham County, Wolfspeed CEO Gregg Lowe confirmed both North Carolina and New York are on the short list for yet another semiconductor plant. In an interview with the Triangle Business Journal, Lowe said the economic development spree comes down to “through the roof” demand for next-generation semiconductors, intended to power everything from electric vehicles to power grids. On Friday, the semiconductor firm announced its materials operation was coming to Chatham County, where it’s expected to be the largest silicon carbide manufacturing facility in the world.