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@ Yahoo! Finance - by layer3.news
2025-05-22 10:50:15
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✍️ Wolfspeed, Inc. is reportedly preparing to file for Chapter 11 bankruptcy due to weak demand and tariff uncertainties, causing its shares to plummet.
👉 Wolfspeed, Inc. is preparing to file for Chapter 11 bankruptcy
👉 Weak demand in the automotive and industrial sectors is a major contributor to the company's financial difficulties
👉 Tariff uncertainties are also affecting the company's ability to operate
👉 The company's shares have fallen more than 57% in extended trade
#business
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