Bill McColl
1 min read
In This Article:
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Wolfspeed reportedly is considering filing for bankruptcy within weeks as it struggles with mounting debt.
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The Wall Street Journal noted that the silicone carbide chipmaker has turned down several plans by creditors to restructure its debt.
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The news sent Wolfspeed shares to an all-time low.
Wolfspeed (WOLF) shares cratered Wednesday, a day after a report that the struggling silicone carbide chip manufacturer would be filing for bankruptcy "within weeks."
The Wall Street Journal reported Tuesday afternoon that after the company rejected several proposals by creditors to restructure its debt, Wolfspeed was looking at a plan to use