On September 9, 2022, North Carolina Governor Roy Cooper announced that Wolfspeed, a silicone carbon manufacturing company headquartered in Durham, North Carolina, will establish a new facility in Siler City. This announcement is North Carolinas largest economic development investment to date.

Over the next five years, Wolfspeed will invest $5 billion in the Siler City project while creating 1,800 jobs at an average salary of $77,753.

“Welcoming a major employer like Wolfspeed to Chatham County will transform the area, positively impacting the tax base and will retain and draw people to the area. This has always been the vision for Chatham County with our two mega sites, and we are very grateful to witness it come to fruition with this project.” Said Chair of the EDC Board of Directors Greg Lewis. See the full release by Chatham County Economic Development Corporation.