Wolfspeed, Inc., a semiconductor company based in North Carolina, has received an additional $500 million in funding from Renesas Electronics America Inc. as part of an Unsecured Customer Refundable Deposit Agreement. This agreement, which was initially entered into on July 5, 2023, included an initial deposit of $1 billion and allowed for additional deposits up to another $1 billion during 2024. The recent funding was completed on February 27, 2024, following a request by Wolfspeed. The terms of the agreement, including interest and repayment conditions, were detailed in a previous report filed with the U.S. Securities and Exchange Commission on the date of the initial agreement.

Wolfspeed, Inc., a semiconductor company based in North Carolina, has received an additional $500 million in funding from Renesas Electronics America Inc. as part of an Unsecured Customer Refundable Deposit Agreement. This agreement, which was initially entered into on July 5, 2023, included an initial deposit of $1 billion and allowed for additional deposits up to another $1 billion during 2024. The recent funding was completed on February 27, 2024, following a request by Wolfspeed. The terms of the agreement, including interest and repayment conditions, were detailed in a previous report filed with the U.S. Securities and Exchange Commission on the date of the initial agreement.