Wolfspeed is reportedly preparing to file for Chapter 11 reorganization within a matter of weeks, as reported by the Wall Street Journal on May 20, 2025. The semiconductor supplier is struggling to address its substantial debt pile.
This development follows the company's rejection of several out-of-court restructuring proposals from creditors. Wolfspeed had previously disclosed $6.5 billion in debt obligations as of its fiscal third quarter.
The impending bankruptcy filing indicates a critical stage in Wolfspeed's financial challenges, suggesting a court-supervised process is necessary to restructure its capital structure. This move carries significant implications for the company's future and its stakeholders.
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