Statements from Key Figures

• U.S. Secretary of Commerce Gina Raimondo emphasized the importance of this investment for technologies like AI, electric vehicles, and clean energy.
• Laurie Locascio, Under Secretary of Commerce for Standards and technology, highlighted the role of this investment in building a booming semiconductor R&D industry in the US.
• Wolfspeed CEO Gregg Lowe expressed gratitude for the support and noted the importance of this funding for the company's growth strategy and technology leadership.

This investment represents a significant step towards securing America's position in high-tech manufacturing, ensuring a reliable domestic supply of critical semiconductors, and supporting the development of future technologies.