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Latham & Watkins Advises Wolfspeed on US$1.5 Billion Loan Commitment From Office of Strategic Capital of the US Department of War, Its Largest Commitment to Date
October 7, 2026
Firm represents global leader in silicon carbide technologies in the financing to advance domestic wide bandgap supply chain.
Wolfspeed, Inc. (NYSE: WOLF) has announced it has received a conditional loan commitment letter from the US Department of War (DoW), through its Office of Strategic Capital (OSC), for up to US$1.5 billion of long-term financing to support the domestic development and production of silicon carbide (SiC) materials and wide bandgap power devices, with an additional focus on US national security applications.
Latham & Watkins LLP advised Wolfspeed in the transaction with a corporate team led by partners Tad Freese, Haim Zaltzman, Bryan Monson, Elizabeth Oh, Richard Kim, Ryan Gold, and David Zaheer, with associate Claire Solimine.