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US semiconductor maker Wolfspeed to file for bankruptcy

22 June 2025
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US semiconductor maker Wolfspeed to file for bankruptcy
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Wolfspeed, a North Carolina semiconductor manufacturer for electric vehicles, has reached a bankruptcy agreement to reduce its $6.5 billion debt by over two-thirds, effectively wiping out existing shareholders. The company plans to formally file for bankruptcy soon and aims to emerge by the end of 2025, while navigating challenges from rising interest rates and changing government policies.

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Tags: BankruptcyFilemakerSemiconductorWolfspeed
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