Sujeet Indap / Financial Times:

Wolfspeed, a North Carolina-based chipmaker for EVs, says it made a deal to cut its almost $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

Sujeet Indap / Financial Times:

Wolfspeed, a North Carolina-based chipmaker for EVs, says it made a deal to cut its almost $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

Source: TechMeme
Source Link: http://www.techmeme.com/250622/p16#a250622p16