Wolfspeed Stock News

The embattled wafer maker could file for bankruptcy within weeks, The Wall Street Journal reports.

Semiconductor supplier Wolfspeed is preparing to file for bankruptcy within weeks, as it struggles to address its debt pile, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.

The troubled semiconductor supplier is pursuing a prepackaged chapter 11 plan after it rebuffed multiple attempts by creditors to restructure its debt out of court

Apollo Global Management, one of the biggest creditors to Wolfspeed, is in talks with investment bank Moelis about a restructuring, The Wall Street Journal reported Tuesday.

Most Americans believe they need at least $1.26 million to retire comfortably, according to Northwestern Mutual's 2025 Planning & Progress Study. Unfortunately, only 3.2% of American retirees have actually saved up more than $1 million across their retirement accounts, according to a recent Federal Reserve Survey of Consumer Finances.

Wolfspeed's transition to a silicon carbide provider has led to massive capital expenditures and significant operating losses, failing to meet revenue expectations. The company has resorted to survival tactics, including restructuring and dilutive equity offerings, severely impacting common equity holders. With net debt ballooning to $5.2 billion and no revenue growth, the financial outlook rem...

Wolfspeed's future is uncertain due to financing issues and a lack of clarity from new management, leading to a neutral rating on the stock. Despite hitting revenue targets, Wolfspeed faces declining sales and must achieve cash flow positive status by FY26 through cost reductions and facility closures. The company has significant funding gaps, with only partial financing secured for its expansi...

Shares of Wolfspeed (WOLF -26.18%) are crashing on Friday. The chipmaker's stock plunged 25.8% as of 3:32 p.m.