According to market research firm TrendForce, Wolfspeed held the top spot in the SiC market with a 33.7% share in 2024.

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

Renesas Electronics shares fell sharply after the Japanese chip maker said it expects to achieve a revenue goal later than previously targeted, amid weakness in markets for semiconductors used in cars ...

The North Carolina-based company plans to remain operational throughout the restructuring process, which it expects to be ...

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

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

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

Wolfspeed said the bankruptcy was part of a planned restructuring which would cut its overall debt by around 70%, or $4.6 ...

According to a statement from Wolfspeed, it reached a restructuring support agreement with key lenders that they say will ...

The company says it's part of a restructuring agreement that will eliminate nearly $5 billion in debt and give its creditors control over the company.

(Reuters) -Wolfspeed said on Sunday that it has reached a restructuring agreement with creditors and plans to file for bankruptcy in the U.S. in the near future. The restructuring agreement would ...

Wolfspeed, Inc. (NYSE: WOLF) ("Wolfspeed" or the "Company") today announced that, as part of its efforts to proactively strengthen its capital structure, it entered into a Restructuring Support ...