The announcement that Wolfspeed will build a $5 billion factory to make wafers for computer chips in Chatham County was considered so important that the White House sent out a press release about it on Friday, Sept. 9.
The site is in Chatham County, close to Siler City, and reportedly will be receiving water and sewer service from Asheboro, but it has a lot of Greensboro connections.
The site is right down the road from the Greensboro-Randolph Megasite in Randolph County where Toyota is building a battery plant.
And the megasite where the Wolfspeed plant will be built is owned by D.H. Griffin of D.H. Griffin Companies in Greensboro and Tim Booras.
Also North Carolina A&T State University is involved.
In the announcement that Chatham County had been chosen for the new plant, President and CEO of Wolfspeed Gregg Lowe said, “Wolfspeed is the industry leader in supplying materials required to meet the accelerating demand for next generation semiconductors and creating a more sustainable future for all. Demand for our products continues to grow at a rapid pace, and the industry continues to be supply constrained. Expanding out Materials production will further our market leadership and allow us to better serve the growing needs of our customers. We are particularly excited and proud to not only expand Wolfspeed’s footprint in our home state of North Carolina, but also further our relationship with North Carolina Agricultural and Technical State University to nurture our best-in-class talent pool.”
Wolfspeed has committed over $4 million to NC A&T to create the Wolfspeed Endowed Scholars Program and plans to work with the university to establish comprehensive education and training curricula and cutting-edge research and innovation programs.
The facility is receiving incentive packages from state, county and local governments that totals about $1 billion and is expected to create 1,800 new jobs.
The White House press release notes that the Wolfspeed plant represents the largest economic development investment in the history of the state of North Carolina.