Wolfspeed to File for Chapter 11 Bankruptcy "in the Near Future"



Wolfspeed

WKTV File


DURHAM, N.C.– Wolfspeed has announced that they will be filing for Chapter 11 bankruptcy in the near future as part of a restructuring support agreement.

According to a statement sent to NEWSChannel 2, the company says the plan was entered into with key lenders.

They also say they plan to emerge by the end of the 3rd quarter of this year.

Oneida County Executive Anthony Picente reacted to the news of a possible bankruptcy filing by Wolfspeed in the coming weeks.

  • Related Posts

    Wolfspeed to file for Chapter 11 bankruptcy

    We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking “Accept”, you consent to our use of cookies The technical storage…

    [News] Wolfspeed Nears Bankruptcy as Renesas Warns of JPY 250 Billion Loss

    According to MoneyDJWolfspeed is reportedly preparing to file for bankruptcy in the near future. Japanese semiconductor giant Renesas Electronics, which has a supply agreement with Wolfspeed, announces that it has…

    Leave a Reply

    Your email address will not be published. Required fields are marked *