Renesas Electronics Corporation announced on July 24, 2025, the finalized amount of the loss resulting from its Restructuring Support Agreement with Wolfspeed, Inc. Renesas recorded a loss of 235 billion yen in its consolidated financial results for the six months ended June 30, 2025.
This finalized loss is related to the conversion of Renesas's $2.062 billion deposit to Wolfspeed into convertible notes, common stock, and warrants as part of Wolfspeed's Chapter 11 restructuring plan. The amount was previously disclosed as an estimate of approximately 250 billion yen.
The recording of this loss reflects the financial consequences for Renesas as a principal creditor in Wolfspeed's restructuring process. This confirms the impact of the agreement on a key partner's financial statements.
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