Wolfspeed faces potential bankruptcy, with shares plummeting 60%. Check out the risks and implications for investors in debt-laden WOLF stock.

Wolfspeed ( WOLF 34.77%) was trading around $0.97 per share at 10 a.m. Wednesday. Shares had dropped 69% from Tuesday's close after a Wall Street Journal report Tuesday evening that the company is considering filing a "prepackaged" Chapter 11 bankruptcy plan. Shares of the semiconductor company are down roughly 96% over the past year.

Wolfspeed brings back a familiar face to help steer the company through turbulent financial waters.

The company was promised $750 million from the government under Joe Biden’s Chips Act, but receiving it may be a problem.

NEW YORK (Reuters) -Activist investor Jana Partners ... Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Wolfspeed reported fiscal third-quarter ...

The Durham-based chipmaker said it is cutting its management team by 30% and negotiating with lenders as it faces a looming debt payment amid uncertainty over $1.75 billion in federal funds.

Wolfspeed CEO Robert Feurle faces tough questions about the company's financial challenges. Wolfspeed's high-stakes transformation faces critical juncture Wolfspeed CFO to exit at critical ...