{"id":1774,"date":"2024-10-18T15:26:00","date_gmt":"2024-10-18T19:26:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=1774"},"modified":"2025-06-26T15:14:41","modified_gmt":"2025-06-26T19:14:41","slug":"us-chips-act-means-wolfspeed-government-dependency","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/us-chips-act-means-wolfspeed-government-dependency\/","title":{"rendered":"U.S. Chips Act Means Wolfspeed\u00a0Government Dependency"},"content":{"rendered":"\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">The <strong>U.S. Chips Act<\/strong> <span style=\"color:#27ae60;\"><strong>gave <\/strong><\/span>a<span style=\"color:#27ae60;\"><strong> $750 million <\/strong><\/span><strong>grant<\/strong> this week to <strong>Wolfspeed (WOLF)<\/strong> to <span style=\"color:#27ae60;\"><strong>build<\/strong><\/span> a <strong>Silicon Carbide (SiC) Power Module <span style=\"color:#27ae60;\">production<\/span> plant <\/strong>in<strong> North Carolina <\/strong>causing its shares to <span style=\"color:#27ae60;\"><strong>gain by 40%+<\/strong><\/span> on the news. We&#8217;re <span style=\"color:#e74c3c;\"><strong>not<\/strong><\/span> going to bring up the <span style=\"color:#2980b9;\"><strong>coincidence<\/strong><\/span> that <strong>Asheville, NC residents<\/strong> have only been <span style=\"color:#27ae60;\"><strong>offered<\/strong><\/span> <strong>$750 <\/strong>in help after their homes were <strong><span style=\"color:#2980b9;\">washed away<\/span><\/strong>. <strong>NIA&#8217;s President<\/strong> and his <strong>sister<\/strong> have <strong><span style=\"color:#27ae60;\">spent many<\/span> hours<\/strong> <span style=\"color:#2980b9;\"><strong>volunteering<\/strong><\/span> in recent weeks <span style=\"color:#2980b9;\"><strong>helping clean<\/strong><\/span> the <strong>homes<\/strong> of <strong><span style=\"color:#e74c3c;\">victims<\/span><\/strong> in the <strong>Asheville<\/strong> area. Most people <span style=\"color:#e74c3c;\"><strong>don&#8217;t<\/strong><\/span> want the <strong>$750<\/strong> at all and believe they would be <span style=\"color:#2980b9;\"><strong>better<\/strong><\/span> off if <strong>FEMA<\/strong> <span style=\"color:#e74c3c;\"><strong>didn&#8217;t<\/strong><\/span> exist.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">We would also be <span style=\"color:#2980b9;\"><strong>better<\/strong><\/span> off if the <strong>U.S. Chips Act <span style=\"color:#e74c3c;\">didn&#8217;t<\/span><\/strong> exist to <span style=\"color:#2980b9;\"><strong>subsidize<\/strong><\/span> companies like <strong>Wolfspeed (WOLF)<\/strong>. People have been <span style=\"color:#e74c3c;\"><strong>suckered<\/strong><\/span> into buying <strong>Wolfspeed (WOLF)<\/strong> due to <strong>government handouts<\/strong> that will only get <strong>WOLF<\/strong> so far before it is <span style=\"color:#e74c3c;\"><strong>broke<\/strong><\/span>\/<span style=\"color:#e74c3c;\"><strong>bankrupt<\/strong><\/span> and needing <span style=\"color:#27ae60;\"><strong>additional funds<\/strong><\/span>.<\/span><\/span><\/p><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><em>Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.<\/em><\/span><\/span><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Chips Act gave a $750 million grant this week to Wolfspeed (WOLF) to build a Silicon Carbide (SiC) Power Module production plant in North Carolina causing its shares to gain by 40%+ on the news. We&#8217;re not going to bring up the coincidence that Asheville, NC residents have only been offered $750 in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[26,8,131],"class_list":["post-1774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-politics","tag-technology","tag-wolf"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=1774"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1774\/revisions"}],"predecessor-version":[{"id":1777,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1774\/revisions\/1777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=1774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=1774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=1774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}