1. United States
  2. Letter

Protect Wolfspeed, American semiconductor leader from predatory creditors

To: Pres. Trump

From: A constituent in Amarillo, TX

May 21

Mr. President, the semiconductor industry is critical for America's economic and technological leadership. A major U.S. chipmaker, Wolfspeed, is under attack from manipulative short sellers and predatory creditors engineering its downfall to seize control of the company. These creditors have been blocking out-of-court restructuring attempts by Wolfspeed and instead aim to wreck this American made company through opportunistic moves, putting their short-term gains over long-term national interests. Wolfspeed should be lauded for investing in American manufacturing and building here in the US! Instead they're being used as a punching bag for Wall Street fat cats! We must protect this strategic asset from such predatory Wall Street actors and safeguard American innovation to prevent further loss of high-tech manufacturing capacity to foreign rivals like China! I urge you to intervene and ensure Wolfspeed gets a fair shot to help Make America Great Again! You are the only one who can do this! Support policies that nurture domestic semiconductor champions like Wolfspeed competing in this crucial sector. MAGA!

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