Wolfspeed announced on June 30th that its Restructuring Support Agreement (RSA), recently signed with Japan’s Renesas, has also gained strong support from key stakeholders. To carry out the plan—aimed at cutting total debt by around 70%—the company has voluntarily filed for Chapter 11 bankrupt...

Facing Wolfspeed’s looming bankruptcy, Renesas has signed a Restructuring Support Agreement (RSA) with the SiC giant and expects to book a loss of about JPY 250 billion in the first half of fiscal 2025 (January to June), as noted in its press release. In the wake of this setback, Japanese media ou...

According to MoneyDJ, Wolfspeed is reportedly preparing to file for bankruptcy in the near future. Japanese semiconductor giant Renesas Electronics, which has a supply agreement with Wolfspeed, announces that it has signed a Restructuring Support Agreement (RSA) with the company. As noted in its pre...

Nearly a month after rumors surfaced about an imminent bankruptcy, a clearer picture has emerged: Wolfspeed is now on the verge of a major shake-up. Creditors led by Apollo Global Management are preparing to take control under a bankruptcy plan, according to Reuters, citing Bloomberg. The reports...

According to ijiwei, citing the Economic Times, Japanese chipmaker Renesas Electronics says its situation with Wolfspeed does not affect its OSAT joint venture with CG Power in India. Renesas also clarifies that it has no plans to produce SiC devices under the OSAT collaboration, the report highligh...