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Feds clear Wolfspeed to take on Japanese investor
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Feds clear Wolfspeed to take on Japanese investor
Durham-based Wolfspeed says federal regulators have given permission for a Japanese company to take an equity stake in the chipmaker. The decision came from the Committee on Foreign Investment in the United States and stems from Wolfspeed’s Chapter 11 restructuring last year. One of the company’s largest creditors going into the bankruptcy proceedings was Tokyo-based Renesas Electronics, another chipmaker. It agreed to take a haircut on $2.1 bi…
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