In the third round of the Australian Open, Britain’s Jacob Fearnley was defeated by German second seed Alexander Zverev in straight sets. Despite an impressive run in his first overseas Grand Slam tournament, Fearnley was unable to match Zverev’s consistency, ultimately falling short in crucial moments. Zverev’s powerful serving and composure secured him a spot in the fourth round, where he will face either Ugo Humbert or Arthur Fils.
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US semiconductor maker Wolfspeed to file for bankruptcy
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. Need More Context? 🔎
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