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Wolfspeed Stock Plummets 70% on Report Firm Preparing to File for Bankruptcy
investopedia.com/wolfspeed-stock-plummets-70-percent-on-report-firm-preparing-to-file-for-bankruptcy-11739064
Key Takeaways
- Wolfspeed reportedly is considering filing for bankruptcy within weeks as it struggles with mounting debt.
- The Wall Street Journal noted that the silicone carbide chipmaker has turned down several plans by creditors to restructure its debt.
- The news sent Wolfspeed…
This story appeared on investopedia.com, 2025-05-21 19:46:04.036000.