Wolfspeed Takes Proactive Step to Strengthen Financial Foundation Anticipating Scalable, Profitable Growth

Wolfspeed announces restructuring agreement

DURHAM, N.C. (WUTR/WFXV/WPNY) – Wolfspeed, the silicon carbide semiconductor company with a facility in Marcy, has announced an agreement on a Restructuring Support Agreement that would give the company some financial breathing room after a brief time in Chapter 11. The agreement is with 97% of the company’s secured note holders and Renesas Electronics Corporation. The deal is expected to reduce the company’s debt by around 70%, or approximately…

Wolfspeed Takes Proactive Step to Strengthen Financial Foundation Anticipating Scalable, Profitable Growth

DURHAM, N.C.--(BUSINESS WIRE)--Jun 22, 2025-