NC chipmaker Wolfspeed says bankruptcy is possible as it faces looming debt

NC chipmaker Wolfspeed says bankruptcy is possible as it faces looming debt
Wilton 05-10 Wolfspeed, Inc. Public
US:WOLF

Executives of the struggling Durham semiconductor firm Wolfspeed said they are exploring “in-court or out-of-court options” to address the company’s approaching debt obligations. “We remained actively engaged with our lenders addressing our capital structure,” board chairman Tom Werner said during a first-quarter earnings call Thursday.

Read more at: newsobserver.com.

Rate this post:
0

Dette emne er udløbet. Det er nu låst for kommentarer.

Fintel data has been cited in the following publications:
Daily Mail Fox Business Business Insider Wall Street Journal The Washington Post Bloomberg Financial Times Globe and Mail
NASDAQ.com Reuters The Guardian Associated Press FactCheck.org Snopes Politifact
Federal Register The Intercept Forbes Fortune Magazine TheStreet Time Magazine Canadian Broadcasting Corporation International Business Times
Cambridge University Press Investopedia MarketWatch NY Daily News Entrepreneur Newsweek Barron's El Economista