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Wolfspeed said the bankruptcy was part of a planned restructuring which would cut its overall debt by around 70%, or $4.6 ...
Wolfspeed shares plunged 30% to an all-time low Monday as the struggling chipmaker announced it had filed for Chapter 11 ...
The North Carolina-based company plans to remain operational throughout the restructuring process, which it expects to be ...
The company agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.
Wolfspeed, Inc. entered into a restructuring support agreement with the majority of its creditors. Click here to find out why ...
Wolfspeed said it plans to file for bankruptcy today. Shares of silicon carbide chip manufacturer Wolfspeed (NYSE: WOLF) sank ...
Wolfspeed anticipates emerging from bankruptcy by the end of September after it has slashed 70% of its debt. Under its ...
The restructuring support agreement (RSA) will see the company receive $3 billion in convertible bonds and a $2bn loan from ...
The US chip manufacturer Wolfspeed wanted to expand in Germany with chips for electric cars. The company has now reached an ...
The company also recently laid off 73 workers at its Siler City facility, according to a WARN notice filed with the state.
Wolfspeed, a semiconductor manufacturer with a facility in Marcy, Oneida County, has announced plans to file for Chapter 11 ...
Wolfspeed plans to file for bankruptcy in the United States under a restructuring agreement with creditors, which would ...