Wolfspeed Stock News

The 38-year-old Durham, North Carolina, semiconductor supplier Wolfspeed filed for Chapter 11 bankruptcy, officially starting a reorganization the company says will allow it to shed billions in debt.

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

Wolfspeed stock (NYSE:WOLF) surged nearly 100% during after-hours trading on Monday, June 30, following the silicon carbide semiconductor firm's filing for Chapter 11 bankruptcy protection, indicating a significant shift in its restructuring strategy. The bankruptcy protection filing presents a tactical chance for Wolfspeed to realign its financial foundation.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that it has taken the next step to implement its previously announced Restructuring Support Agreement (“RSA”) with key lenders, including (i) holders of more than 97% of its senior secured notes, (ii) Renesas Electronics Corporation's wholly owned U.S. subsidiary and (ii...

NEW YORK , June 25, 2025 /PRNewswire/ -- Ralliant Corp. (NYSE: RAL) will replace Wolfspeed Corp. (NYSE: WOLF) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 1. S&P 500 constituent Fortive Corp. (NYSE:FTV) is spinning off Ralliant in a transaction expected to be completed on June 30.

Shares of silicon carbide chip manufacturer Wolfspeed (WOLF -32.62%) sank on Monday, falling 34.4% as of 12:18 p.m. ET.

U.S. equities advanced at midday as oil prices declined on doubts the weekend U.S. military strikes against Iran and possible retaliation from Iran would disrupt supplies. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained.

The semiconductor supplier agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.