Wolfspeed announced on September 8, 2025, that a U.S. court has confirmed its Plan of Reorganization. This judicial approval clears the path for the company to emerge from Chapter 11 bankruptcy protection within the next several weeks.
Upon emergence, Wolfspeed expects to reduce its debt by approximately 70%, a crucial step in strengthening its capital structure. This significant debt reduction is intended to better position the company to execute on its strategic priorities and focus on innovation.
CEO Robert Feurle expressed satisfaction with reaching this milestone, emphasizing that a stronger financial foundation will enable Wolfspeed to move swiftly on its strategic goals and reinforce its leadership in silicon carbide technology. The confirmation is a pivotal moment in the company's financial restructuring.
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