Wolfspeed Stock Soars After Court OKs Bankruptcy Exit
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Mercoledì
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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.
