Durham-based semiconductor firm announces billion investment in Chatham County

CHATHAM COUNTY, N.C. (WITN) - A Durham-based semiconductor firm says it will invest some $5 billion in a new plant situated on a 400-plus acre area...

September 9, 2022
10:16 PM

CHATHAM COUNTY, N.C. (WITN) - A Durham-based semiconductor firm says it will invest some $5 billion in a new plant situated on a 400-plus acre area in Chatham County.According to WRAL, Wolfspeed will build a new semiconductor plant at a 400-acre site in Chatham County with an estimated investment of $5 billion and a commitment to create more than 1,800 jobs paying $77,000 a year on average. But it's going to cost North Carolina tax payers some $1 billion in a variety of tax incentives.Semiconductor chips are a key part of most electrotonic devices used today.

WITN Web Team