According to The Wall Street Journal, Wolfspeed, a pioneering US silicon carbide wafer company, is on the brink of filing for bankruptcy. This shocking news triggered a steep decline of 60% in the company's share price on Wednesday, positioning it at the top of the list of US stock declines. Established in the late 1980s, Wolfspeed has been a forerunner in the realm of third-generation semiconductor silicon carbide, boasting a valuation of up to $16.5 billion in 2021. The decision to file for bankruptcy is undoubtedly a matter of deep regret.
