The global semiconductor shortage has highlighted the need for more domestic chip production in the United States. In response, Wolfspeed, a leading manufacturer of silicon carbide chips, is building a new $5 billion semiconductor factory in Chatham County, North Carolina. The facility, expected to open in 2030, will create thousands of jobs and help secure America’s chip supply chain. Silicon carbide chips are crucial for electric vehicles, 5G networks, and renewable energy systems. Wolfspeed’s investment underscores the growing importance of semiconductors and the urgency to reduce reliance on foreign suppliers. The Biden administration has made bolstering the US semiconductor industry a priority through initiatives like the CHIPS Act. As demand for chips continues to soar, domestic production will be vital for economic and national security interests.
Source: https://www.cnn.com/2024/10/02/tech/semiconductor-supply-chain-north-carolina-helene/index.html