Wolfspeed jumps in premarket after bankruptcy filing
ReutersJul 1, 2025 8:21 AM
Shares of chipmaker Wolfspeed WOLF.N up ~74% at 39 cents in a volatile premarket trading
Co on Monday filed for Chapter 11 bankruptcy protection
The company said it had $1.3 billion in cash as of the Q3 and expects to emerge from Chapter 11 by the end of the quarter
"Wolfspeed is continuing to operate as usual throughout the process, including delivering silicon carbide materials and devices to its customers and paying its vendors in the ordinary course," co said in a statement
WOLF down ~95% YTD
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