Wolfspeed exits Chapter 11 bankruptcy, slashes debt and interest costs

Core Insights - Chipmaker Wolfspeed has successfully exited Chapter 11 bankruptcy, significantly improving its financial position by reducing total debt by nearly 70% and annual cash interest expense by approximately 60% [1] Financial Restructuring - Total debt has been cut by nearly 70% [1] - Annual cash interest expense has been lowered by roughly 60% [1]