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1 day ago · Wolfspeed Inc., a chipmaker caught in President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash $4.6 billion …

After finishing the process, Wolfspeed expects to reduce its debt by 70%, or $4.6B, and reduce its annual total cash interest payments by 60%. The Durham, N.C.-based company has already …

1 day ago · Chipmaker Wolfspeed files for bankruptcy Wolfspeed Inc., a chipmaker based in North Carolina, has filed for Chapter 11 bankruptcy to restructure US$4.6 billion in debt.

Jun 23, 2025 · Wolfspeed is implementing a pre-packaged Chapter 11 restructuring with strong backing from over 97% of senior secured noteholders. The deal will reduce total debt by ~70% …

1 day ago · Wolfspeed Inc., a North Carolina-based semiconductor manufacturer specializing in chips for electric vehicles and industrial markets, has filed for Chapter 11 bankruptcy protection …

Jun 23, 2025 · Wolfspeed files prepackaged Chapter 11 to slash $4.6 billion debt amid slowing EV demand and semiconductor industry struggles.

1 day ago · Semiconductor maker Wolfspeed Inc. filed for Chapter 11 protection in Texas bankruptcy court Monday with a plan supported by its senior lenders to slash about $4.6 billion …

Jun 23, 2025 · The restructuring agreement, reached with creditors and Renesas Electronics' U.S. subsidiary, would result in $275 million in fresh financing backed by some existing creditors …

Jun 3, 2025 · These leadership changes occur amid challenging financial results, with Q3 sales declining to $185.4 million and an increased net loss of $285.5 million. These factors, against a …

Jun 23, 2025 · Wolfspeed shares plunged 30% to an all-time low Monday as the struggling chipmaker announced it had filed for Chapter 11 bankruptcy in order to implement a …