Construction of semiconductor manufacturer Wolfspeed’s $5-billion John Palmour Manufacturing Center for Silicon Carbine in Siler City, N.C., is continuing on schedule for production to begin in the first half of 2025, company leaders told investors Oct. 30 during their latest financial results call.
Electric Mustangs are set to use factory's first in the U.S. lithium iron phosphate batteries, which are more durable with less high-cost materials, automaker says, despite lawmaker concerns about the China link.
Nevada firm's $3.5B, 10-year plant commitment to Charleston area could gain it access to materials and customers from the state's EV production boom, but project contractors were not disclosed.
