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US chipmaker Wolfspeed files for Chapter 11 to enact a creditor-backed plan to slash $4.6B in debt; it expects to emerge out of bankruptcy by the end of Q3 (Bloomberg) from Techmeme RSS feed.
US chipmaker Wolfspeed files for Chapter 11 to enact a creditor-backed plan to slash $4.6B in debt; it expects to emerge out of bankruptcy by the end of Q3 (Bloomberg)
Bloomberg:
US chipmaker Wolfspeed files for Chapter 11 to enact a creditor-backed plan to slash $4.6B in debt; it expects to emerge out of bankruptcy by the end of Q3 — The North Carolina-based company filed petitions for reorganization under Chapter 11, according to a statement released on Monday.