As response efforts continue in North Carolina, more than 1,250 FEMA staff remain on the ground, with more arriving daily. Nearly 400 Urban Search and Rescue personnel remain in the field helping people. These teams have rescued or supported over 3,200 survivors to date.

NORTH CAROLINA, USA — President Joe Biden was in Raleigh on Wednesday, Oct. 2 to speak on the disastrous damage western North Carolina has faced in the wake of Hurricane Helene.

The government money, and matching funds from a group of financial firms, will be used for its new silicon carbide wafer plant in the Research Triangle area.

Money will go to the chipmaker's new silicon carbide factory in North Carolina and factory in Marcy, New York.

The $750 million investment kick-starts a $6 billion expansion plan that is expected to create 2,000 jobs in this high tech sector.

North Carolina's Wolfspeed Inc. has entered into an agreement with the Commerce Department to receive $750 million to help create a new silicon carbide wafer manufacturing facility.

Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility, the U.S. Commerce Department said Tuesday, sending the U.S.

Wolfspeed has reached a preliminary agreement with the U.S. Commerce Department for $750 million in government grants to support its new North Carolina silicon carbide wafer manufacturing plant. Wolfspeed has secured $750 million in new financing from investment firms such as Apollo Global Management and Fidelity.