US EditionChipmaker Wolfspeed Exits Bankruptcy with Board Shakeup
Wolfspeed reduced its debt by about 70%, appointed five new board members, and focuses on its advanced 200mm silicon carbide wafer fab to drive growth.
- On 09/29/2025, Wolfspeed officially exited Chapter 11 and appointed five new board members including Anthony M. Abate, Mike Bokan, Eric Musser, Hong Q. Hou, and pending Aris Bolisay.
- In June 2025, Wolfspeed filed for Chapter 11 citing deepening economic uncertainty, with FY2025 revenue about $959 million and guidance for ~$850M in 2026 amid weak EV and energy demand.
- As part of the restructuring, Wolfspeed cut nearly 70% of total debt, reduced interest costs by roughly 60%, canceled legacy shares, issued 1.3 million new shares, and created a new float of about 25.8 million shares, leaving legacy shareholders only a tiny fraction.
- Investor response was immediate as Wolfspeed stock jumped sharply, rising as much as 46% to $32.26 and closing at $28.60 on Tuesday after exiting Chapter 11.
- The Mohawk Valley fab's role grows as Wolfspeed focuses on its $5 billion Siler City plant with 1,800 employees by 2030, amid expanding SiC competition.
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Wolfspeed getting buzz as the hottest new meme stock after 79% surge
TIMOTHY A. CLARY/AFP via Getty ImagesWolfspeed stock is jumping this week as the chipmaker emerges from bankruptcy.Some data shows the stock up as much as 2,500% in two days, but the reality is more complicated.Here's what's going on with the latest meme-like rally.The move: Wolfspeed stock rose as much as 46% on Tuesday, hitting a high of $32.26 early in the session. The gains extended its rally to as much as 79% in the last two days.Why: On Mo…
Wolfspeed shares jump over 50% on pre-market Wall Street session as chipmaker exits Chapter 11 bankruptcy proceedings
Wolfspeed Inc. shares jumped more than 50% during the pre-market trading session on the NYSE as the US-based chipmaker exited from its Chapter 11 bankruptcy proceedings. Shares of the firm have given 1,613.18% gains in the last one-month period.
Wolfspeed shares rally after chipmaker exits Chapter 11 bankruptcy
(Reuters) -Wolfspeed shares surged more than 25% before the bell on Tuesday, after the chipmaker successfully emerged from Chapter 11 bankruptcy with a substantially reduced debt load. The move has restored investor confidence in the company’s prospects to become a leading provider of silicon carbide semiconductors, known for their superior energy efficiency, to electric-vehicle makers amid growing electrification and increasing chip content in …
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