Wolfspeed reaches agreement with creditors, plans bankruptcy filing
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;))
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