From the Chatham News + Record, by Ben Rappaport:
The multiplier representing the increased capacity of the new Wolfspeed silicon carbide facility coming to Chatham County. The new facility will produce 10 times more silicon carbide chips than Wolfspeed’s campus in Durham, currently the largest producer in the U.S.
Industry analysts estimate these chips will make up more than 20% of the power semiconductor market by 2027, up from 5% today. The factory, due for completion in 2030, is slated to be the largest silicon carbide materials facility in the world.
The new campus in Siler City is expected to produce 200-millimeter silicon carbide wafers, which can be used to provide power and radio frequency semiconductors. Its chips are used in electric vehicles, 4G and 5G mobile development, and other emerging industries.
The chip manufacturing facility is expected to bring 1,800 jobs directly at its facility in Siler City over the next five years.
The amount of land the new Wolfspeed facility will occupy at the Chatham Advanced Manufacturing site in Siler City. The total size of the CAM site is 1,802 acres, but even after the Wolfspeed announcement, there will be 1,450 acres still available to develop — almost three square miles, and large enough to fit another VinFast-sized facility.
The total amount of jobs promised to Chatham County so far in 2022 with the announcements of VinFast and Wolfspeed. The jobs will come in a steady flow as production of both facilities ramps up over the next five to 10 years. Job growth will likely be coupled with a population boom in the county that is anticipated to result in new schools and housing projects coming to the community.