Wolfspeed官宣：破产重组

Core Viewpoint - Wolfspeed is restructuring under Chapter 11 bankruptcy to consolidate its debt, aiming to eliminate approximately 70% of its total debt of $6.7 billion, which equates to about $4.6 billion [2][6]. Group 1: Restructuring Details - The company has reached a restructuring support agreement (RSA) with major creditors, including those holding over 97% of its secured notes and over 67% of its convertible notes [6][8]. - The RSA is expected to reduce annual cash interest expenses by about 60% [6]. - If approved, the restructuring plan will allow Wolfspeed to emerge from bankruptcy by the end of September and prepare for long-term growth [5][9]. Group 2: Financial Challenges - Wolfspeed is facing challenges due to weak semiconductor demand and the transition from outdated facilities [3]. - The uncertainty surrounding the CHIPS and Science Act, which was expected to provide approximately $1.75 billion in federal funding and tax credits, adds to the company's difficulties [3]. Group 3: Market Position and Future Outlook - The CEO, Robert Feurle, emphasized Wolfspeed's leadership in silicon carbide technology and the importance of a stronger financial foundation for future growth [7]. - The company plans to continue operations and provide leading silicon carbide materials and devices during the restructuring process [9].