Wolfspeed picks Chatham County for new facility worth billions

Wolfspeed, formerly Cree, is leading a project that could bring 1,800 jobs with an investment of billions of dollars, according to the state budget.
Posted 9/1/2022, 11:19:37 PM Updated 9/2/2022, 12:58:08 PM

YOUR CHILD'S SCHOOL COMPARES

TO OTHERS. AND WE BEGIN THIS

HOUR WITH EVEN MORE BREAKING

NEWS. WRAL HAS LEARNED WILL

SPEAK WILL INDEED BUILD A NEW

MULTI-BILLION DOLLAR

SEMICONDUCTOR FACILITY IN

CHATHAM COUNTY. I'M DAN

HAGGERTY AND I'M DEBRA MORGAN.

THE NEWS COMES AFTER WEEKS OF

SPECULATION AND FOLLOWING

SEVERAL OTHER BIG DEVELOPMENTS

IN CHATHAM COUNTY.

>> WRAL'S CHRIS LOVINGOOD IS

HERE NOW WITH MORE ON THE

DETAILS OF THE EXPANSION.

CHRIS. DEBRA, AND THEN IT'S A

PROJECT THAT COULD BRING 1800

JOBS WITH AN INVESTMENT OF

BILLIONS OF DOLLARS. ACCORDING

TO THE STATE BUDGET. SEVERAL

SOURCES FAMILIAR WITH THE

PROJECT HAVE CONFIRMED TO WRAL

THE PROJECT IS MOVING FORWARD.

ANOTHER SOURCE TELLS WRAL AN

ANNOUNCEMENT IS PLANNED FOR

NEXT FRIDAY. IF ALL FINAL

DETAILS COME TOGETHER, WILL

SPEED FORMALLY CREATE IS A

MANUFACTURER OF SILICON

CARBIDE. SEMICONDUCTORS THAT

IS HEADQUARTERED IN DURHAM.

WE REACHED OUT TO WILL SPEED

AND THEY WOULD ONLY CONFIRM

THAT NORTH CAROLINA WAS STILL

UNDER CONSIDERATION, TELLING

US, QUOTE, WE'RE LOOKING AT

EXPANDING OUR CAPACITY AND ARE

SPEAKING WITH MULTIPLE STATES,

INCLUDING NORTH CAROLINA, ABOUT

THE LOCATION OF OUR NEXT

MANUFACTURING FACILITY. BUT

WE HAVE NOTHING TO ANNOUNCE AT

THE MOMENT. THEN JUST 2 WEEKS

AGO, WOLF, SPEED SEE WILL FEED

SPEEDS. CEO TOLD WRAL TECH WIRE

THAT HE ANTICIPATED DEMAND FOR

SEMICONDUCTOR CHIPS TO INCREASE

AND CONFIRM NORTH CAROLINA WAS

DEFINITELY IN THE DISCUSSION.

THE AN ON BASE CAR MAKER

VINFAST HAS ALSO RECENTLY

SELECTED CHATHAM COUNTY FOR ITS

NUKE PLANT. WRAL'S ERIC WE'LL