Wolfspeed Stock Soars After Court OKs Bankruptcy Exit

Wolfspeed's stock skyrocketed 38% after a U.S. court approved its bankruptcy exit plan, paving the way for the chipmaker to slash its debt by 70%—a massive $4.6 billion! Specializing in energy-efficient silicon carbide chips crucial for EVs and renewable energy, Wolfspeed is now set for a fresh start in the booming chip industry. Hosted on Acast. See acast.com/privacy for more information.