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Wolfspeed Shares Soar After Chapter 11 Bankruptcy Filing
Shares of Wolfspeed climbed after the company filed a prepackaged Chapter 11 bankruptcy to restructure its debt. The stock rose 90% to 76 cents in after-hours trading following the filing on Monday. Shares dropped to 52-week low of 39 cents in the market session and have plunged 94% this year.
The Siler City facility is expected to greatly expand Wolfspeed’s capacity to produce wafers. The company has pledged to employ more than 1,800 people at the site by the end of the decade.
Wolfspeed stock soared on restructuring news, but debt markets remain cautious. Explore the valuation disconnect and market ...
“Wolfspeed has implemented a workforce adjustment at its materials facility in Siler City, N.C., to align staffing with near-term customer demand,” the company said in a statement on Wednesday.
Durham-based semiconductor company Wolfspeed has announced its restructuring plan as it files for bankruptcy. Wolfspeed has ...
SILER CITY, N.C. (WTVD) -- The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide ...
The Wolfspeed facility outside Siler City. Lauren Ohnesorge. By Lauren Ohnesorge – Senior Reporter, Triangle Business Journal. Jun 11, 2025. Updated Jun 11, 2025 11:16am EDT. Preview this ...
Wolfspeed, the anchor of one of the region’s megasite campuses, has eliminated at least a third of its current workforce at the Siler City manufacturing plant. The N.C. Commerce Department said ...
As it moves to restructure its debt, including through a potential Chapter 11 bankruptcy, the struggling Durham semiconductor supplier Wolfspeed will lay off more than a third of the workers at ...
Wolfspeed's massive Siler City plant is nearly complete. Wolfspeed. By Lauren Ohnesorge – Senior Staff Writer, Triangle Business Journal. Feb 7, 2025. Preview this article 1 min.
“Wolfspeed has implemented a workforce adjustment at its materials facility in Siler City, N.C., to align staffing with near-term customer demand,” the company said in a statement on Wednesday.
Wolfspeed (WOLF) surged during post-market trading Monday after the silicon carbide company revealed a pre-packaged ...
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