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Wednesday after a report indicated that the company is preparing to file for bankruptcy in the next few weeks. The chip ...
Wolfspeed faces potential bankruptcy, with shares plummeting 60%. Check out the risks and implications for investors in ...
Plus, peek inside Raleigh’s newest data center, a Duke researcher reflects on her canceled federal grant amid buyouts, and ...
Wolfspeed, the US-based chip component maker, is reportedly preparing to file for bankruptcy—sending shockwaves through the ...
The Wall Street Journal reported Tuesday afternoon that after the company rejected several proposals by creditors to ...
Wolfspeed’s stock dropped by over 60% after reports began circulating that the company is preparing to file for chapter 11 ...
The chip company’s stock was down 25% during midday trading on Friday, after it reported its March-quarter results and offered no guidance for the June quarter. Wolfspeed report ...
Wolfspeed is preparing to submit a Chapter 11 plan that would be supported by the majority of its creditors, according to the report, citing sources familiar with the matter. Wolfspeed said in an ...
The asset manager ranks high in the chip maker’s $6.5 billion debt stack.
(This includes the impact of an at-the-market ... So between current cash and tax credit proceeds next year (which total ~$1.9 billion), Wolfspeed should be able to manage ~$200 million in cash ...
The bankruptcy plan reportedly is supported by most of the company's creditors. Wolfspeed (WOLF ... its debt negotiations to materially impact stakeholders but that it expected to add "going ...