Wolfspeed filed for Chapter 11 bankruptcy Monday, June 30, a step in a previously-announced restructuring plan to reduce the ...

Wolfspeed, a US-based chipmaker, plans to file for Chapter 11 bankruptcy under a restructuring agreement to reduce its $6.5 billion debt by nearly 70%. The pre-packaged plan, agreed upon with ...

Wolfspeed is implementing a pre-packaged Chapter 11 restructuring with strong backing from over 97% of senior secured ...

Power chip biz to hand over equity to lenders, wipe out most shareholders, and keep running during restructuring ...

Wolfspeed is now expected to file for voluntary Chapter 11 petitions under the US Bankruptcy Code. The company said that its decision to file for Chapter 11 had the backing of key investors.

Wolfspeed plans to file for bankruptcy in the United States under a restructuring agreement with creditors, which would ...

The restructuring agreement would provide the struggling chipmaker with $275 million in fresh financing by some of its ...

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.

Summary Wolfspeed faces severe financial distress, considering Chapter 11 bankruptcy as it seeks to refinance a portion of its debt as it faces ongoing losses. Leadership changes and efforts to ...

Oneida County Industrial Development Agency is one of Wolfspeed's creditors. The company's handling of that debt, as bankruptcy looms, has been encouraging. "We are one of their creditors. They owe us ...

UTICA, N.Y. (WKTV) -- Just a few days after the announcement that Wolfspeed could file for bankruptcy, the chip fabrication company has revealed the appointment of a new executive vice president and ...

The addition of the Chief Operating Officer role to the executive leadership team underscores Wolfspeed’s unwavering commitment to operational excellence as it scales its industry-leading 200 mm ...