From Yahoo Finance: 2025-05-20 21:34:00

Wolfspeed, Inc. (NYSE: WOLF) is reportedly preparing to file for Chapter 11 bankruptcy in the coming weeks, rejecting previous restructuring proposals. The semiconductor manufacturer faces financial strain due to weak demand in automotive and industrial sectors, leading to a more than 57% drop in shares post-announcement.

Wolfspeed, Inc. (NYSE: WOLF), a U.S. silicon carbide power chip manufacturer, has expressed concerns about its operations amidst tariff uncertainties and weak demand. Revenue outlook remains bleak, with projected 2026 revenue of $850 million, significantly lower than analyst estimates of $958.7 million, leading to an 88% stock decline in the past year.

The challenging financial situation at Wolfspeed, Inc. (NYSE: WOLF) underscores liquidity concerns as the company struggles to manage its debt amidst worsening economic conditions. The stock has plummeted by over 88% in the last 12 months. While potential for growth exists, other AI stocks may offer higher returns with less downside risk.

For more business news, check out reports on Nike restructuring its Technology Division and Alphabet’s Waymo expanding driverless ride-hailing services in San Jose.



Read more at Yahoo Finance: Wolfspeed Gets Ready for Bankruptcy Filing Amid Growing Financial Crisis, as per WSJ