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SiC Semiconductor Pioneer Wolfspeed Officially Files for Restructuring, Aiming to Slash $4.6 Billion in Debt
1 day ago /
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Author：小编
SiC semiconductor pioneer Wolfspeed has voluntarily initiated a Chapter 11 restructuring process under the U.S. Bankruptcy Code on June 30, targeting completion by the close of this year's third quarter. This strategic move aims to significantly reduce the company's debt load by approximately 70%, or $4.6 billion, paving the way for Wolfspeed to more effectively implement its long-term growth strategy and expedite its path to profitability. Throughout the restructuring period, Wolfspeed will continue to operate seamlessly, maintaining regular deliveries of SiC materials and devices to customers and adhering to its standard payment schedules to suppliers.
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