Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has received $698.6m in cash tax refunds from the Internal Revenue Service (IRS) from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code. The refund represents a significant step in the monetization of the approximately $1bn of Section 48D cash tax refunds accrued from the AMIC. In fiscal 2025, Wolfspeed received $186.5m in cash tax refunds related to its fiscal 2023 and fiscal 2024 federal tax filings...
Source: https://www.semiconductor-today.com/new ... 1125.shtml