{"id":941003,"date":"2025-06-24T11:31:10","date_gmt":"2025-06-24T06:01:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=941003"},"modified":"2025-06-24T11:31:10","modified_gmt":"2025-06-24T06:01:10","slug":"us-based-chipmaker-wolfspeed-plans-to-file-for-bankruptcy-says-it-would-result-in","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/24\/us-based-chipmaker-wolfspeed-plans-to-file-for-bankruptcy-says-it-would-result-in\/","title":{"rendered":"US-based chipmaker Wolfspeed plans to file for bankruptcy, says \u2018it would result in\u2026\u2019"},"content":{"rendered":"<p>US-based chipmaker Wolfspeed has announced its plan to file for Chapter 11 bankruptcy in the country. According to a report by the news agency Reuters, the plan from the struggling chip manufacturer comes under a restructuring agreement with creditors. This move is designed to provide $275 million in fresh financing and reduce its debt by $4.6 billion, or nearly 70%, the company said to Reuters. The restructuring agreement, reached with creditors and Renesas Electronics&#8217; US subsidiary, is a direct response to deepening economic uncertainty driven by changing trade policies and weakening demand, which led Wolfspeed to raise &#8220;going-concern doubts&#8221; in May. The company intends to seek approval for its pre-packaged plan and emerge from bankruptcy by the end of the third quarter of 2025.<\/p>\n<p>What is pre-packaged bankruptcy and how it can help the company<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based chipmaker Wolfspeed has announced its plan to file for Chapter 11 bankruptcy in the country. According to a report by the news agency Reuters, the plan from the struggling chip manufacturer comes under a restructuring agreement with creditors. This move is designed to provide $275 million in fresh financing and reduce its debt by $4.6 billion, or nearly 70%, the company said to Reuters. The restructuring agreement, reached with creditors and Renesas Electronics&#8217; US subsidiary, is a direct response to deepening economic uncertainty driven by changing trade policies and weakening demand, which led Wolfspeed to raise &#8220;going-concern doubts&#8221; in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-941003","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/941003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=941003"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/941003\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=941003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=941003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=941003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}