Techmeme

Wolfspeed, a NC-based chipmaker for EVs, says it made a deal with creditors to reduce its ~$6.5B debt in a bankruptcy package that nearly wipes out shareholders (Sujeet Indap/Financial Times)

Sujeet Indap / Financial Times: Wolfspeed, a NC-based chipmaker for EVs, says it made a deal with creditors to reduce its ~$6.5B debt in a bankruptcy package that nearly wipes out shareholders  —  Supplier to EV companies cites deal with creditors to reduce near $6.5bn debt by 70 per cent

Jun 23, 2025 - 12:50
 0
Wolfspeed, a NC-based chipmaker for EVs, says it made a deal with creditors to reduce its ~$6.5B debt in a bankruptcy package that nearly wipes out shareholders (Sujeet Indap/Financial Times)

Sujeet Indap / Financial Times:
Wolfspeed, a NC-based chipmaker for EVs, says it made a deal with creditors to reduce its ~$6.5B debt in a bankruptcy package that nearly wipes out shareholders  —  Supplier to EV companies cites deal with creditors to reduce near $6.5bn debt by 70 per cent

Read More

Tags:

Previous Article

Inside Disney's plan to limit AI companies' use of its IP, which led Disney and ...

Next Article

How AI is enabling a "botscaling" era in Silicon Valley, where companies achieve...

Related Posts

Sources: Indian investment app Groww agrees to acquire wealthtech startup Fisdom in an all-cash deal, valuing Fisdom at $140M to $160M; Fisdom had raised ~$48M (The Economic Times)

Sources: Indian investment app Groww agrees to acquire ...

May 17, 2025  0

New York City's AI tool, launched in 2018 to score families at risk for child abuse using factors like their neighborhood, is raising racial bias concerns (Colin Lecher/The Markup)

New York City's AI tool, launched in 2018 to score fami...

May 21, 2025  0

Honor launches a free AI image-to-video generator powered by Google's Veo 2 in the Honor 400 and 400 Pro, shipping May 22; Veo 2 is limited to paid Gemini plans (Dominic Preston/The Verge)

Honor launches a free AI image-to-video generator power...

May 12, 2025  0