Wolfspeed reaches agreement with creditors, plans bankruptcy filing

Renesas Electronics

23/06/2025 03:05

June 22 (Reuters) - Wolfspeed WOLF.N said on Sunday that it has reached a restructuring agreement with creditors and plans to file for bankruptcy in the U.S. in the near future.

The restructuring agreement would provide the struggling chipmaker with $275 million in fresh financing by some of its existing creditors, the company said in its statement.

 (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Rashmi Aich)

 ((RheaRose.Abraham@thomsonreuters.com;))