Wolfspeed shares soar 100% after Chapter 11 bankruptcy filing to cut debt, quick emergence expected

From Yahoo Finance: 2025-07-01 10:45:00

Wolfspeed shares soared 100% after the chipmaker officially filed for Chapter 11 bankruptcy, part of a debt restructuring plan to cut overall debt by 70% or $4.6 billion. CEO Robert Feurle expects a quick emergence from bankruptcy this quarter to strengthen finances and maintain market leadership. Shares had plummeted earlier due to funding concerns.

Read more: Wolfspeed Stock Soars as Chipmaker Goes Through With Bankruptcy Filing