1. United States
2. Letter

Support for U.S. Semiconductor Industry and Wolfspeed's Expansion Dear [Legislator's Name], I am writing to express my strong support for the continued development and funding of the U.S. semiconductor industry, with a particular emphasis on Wolfspeed, Inc., a leader in silicon carbide (SiC) technology. As a resident of Feeding Hills, Massachusetts, I am deeply concerned about the current challenges facing this critical sector and urge you to advocate for policies that ensure its growth and resilience. The Importance of Semiconductors to the U.S. Economy Semiconductors are foundational to modern technology, powering everything from smartphones to electric vehicles (EVs) and renewable energy systems. The U.S. has historically been a leader in semiconductor innovation, but recent global supply chain disruptions and increased competition threaten this position. Strengthening domestic manufacturing is essential to maintain technological leadership, ensure national security, and support economic growth. Wolfspeed's Role in Advancing U.S. Semiconductor Leadership Wolfspeed, headquartered in Durham, North Carolina, is at the forefront of SiC technology, which is crucial for the next generation of high-efficiency power electronics. The company is constructing a $5 billion semiconductor factory in Chatham County, North Carolina, expected to begin production in June 2025. This facility will significantly enhance the U.S.'s capacity to produce advanced chips for EVs, renewable energy applications, and artificial intelligence systems. In recognition of Wolfspeed's pivotal role, the Biden-Harris administration has proposed up to $750 million in direct funding under the CHIPS and Science Act to support this expansion. Additionally, Wolfspeed anticipates approximately $1 billion in tax credits from the advanced manufacturing tax credit (Section 48D). Challenges and the Need for Continued Support Despite these investments, Wolfspeed faces significant challenges, including declining demand in the automotive sector and financial pressures that have led to a sharp decline in its stock value. The company's ability to capitalize on federal support is contingent upon stable and consistent policy backing. I urge you to support legislation that: - Ensures the full implementation and funding of the CHIPS and Science Act. - Provides targeted support for companies like Wolfspeed that are critical to the semiconductor supply chain. - Promotes workforce development and education in semiconductor manufacturing. Conclusion Investing in the U.S. semiconductor industry is an investment in our economic future, national security, and technological leadership. Supporting Wolfspeed's expansion is a strategic step toward achieving these goals. I respectfully request your continued commitment to policies that foster a robust and resilient semiconductor sector in the United States. Thank you for your attention to this critical matter.