Under the plan, Wolfspeed expects to emerge from bankruptcy by the end of the third quarter, subject to court approval and ...

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Wolfspeed raised going-concern doubts in May, as deepening economic uncertainty stemming from changing U.S. trade policies, ...

The semiconductor component maker said it expected to emerge from Chapter 11 protection by the end of the third quarter.

The bankruptcy protection filing presents a tactical chance for Wolfspeed to realign its financial foundation.

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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.