➀ ZF Friedrichshafen, a German auto parts supplier, is withdrawing from its joint venture with Wolfspeed in Saarland, Germany, due to weak demand from EV makers. The original plan involved a $3 billion fab and an R&D center, with ZF paying $185 million for a stake in the project. The EU agreed to a €600 million subsidy for the investment. ➁ Wolfspeed is seeking new funding for the Saarland project, which was initially planned to begin running silicon in 2027. Construction was delayed until mid-2025. ➂ Wolfspeed is prioritizing its investments in its Marcy, New York fab, where it received $750 million under the US Chips Act and has a $6 billion budget for expanding its SiC fabs.