Wolfspeed Inc. is planning to file for bankruptcy by July 1 with a deal to slash its debt by about $4.6 billion and hand over control to convertible noteholders.

Dr. John Edmond told NEWSChannel 2 that Wolfspeed, the company he co-founded, will keep it's Marcy manufacturing plant open ...

The CEO of Meta, Mark Zuckerberg, recruited three new OpenAI researchers to work with his “superintelligence” team. This move ...

Renesas and other top creditors signed a restructuring deal with Wolfspeed to cut roughly $4.6 billion in debt through a bankruptcy filing. Renesas said Monday that it would convert a $2.06 billion ...

Wolfspeed, a semiconductor manufacturer with a facility in Marcy, Oneida County, has announced plans to file for Chapter 11 ...

Renesas says the restructuring agreement just signed with the US SiC chip firm Wolfspeed will result in a significant ...

Semiconductor outfit gutted as creditors take the reins Wolfspeed has managed to chop more than two-thirds off its $6.5 ...

The company agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.

Durham-based semiconductor company Wolfspeed has announced its restructuring plan as it files for bankruptcy. Wolfspeed has ...

Shares of the US semiconductor firm Wolfspeed plunged by 30% on Monday after the company revealed it is planning to sign for bankruptcy.

The company also recently laid off 73 workers at its Siler City facility, according to a WARN notice filed with the state.