Wolfspeed files Chapter 11 to cut debt by 70%, stock price surges

From Investing.com: 2025-06-30 17:49:00

Wolfspeed’s stock surged after the company announced it filed for Chapter 11 bankruptcy to reduce its debt by 70%. The semiconductor manufacturer aims to restructure its finances and emerge stronger from the process. Investors responded positively to the news, sending the stock price soaring.



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