News: Microelectronics
9 September 2025
Wolfspeed’s reorganization plan approved by court
Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has received court approval for its plan of reorganization.
Wolfspeed hence expects to emerge from Chapter 11 protection in the next several weeks. Upon emergence, the firm expects to reduce its debt by about 70%, better positioning it to execute on its strategic priorities.
Court approval “clears the path for us to complete our restructuring process in the coming weeks,” says CEO Robert Feurle. “Strengthening our capital structure will help us to shape Wolfspeed into a leader in its industry, and we look forward to emerging with the financial flexibility to move swiftly on our strategic priorities and reinforce our leadership in silicon carbide,” he believes. “I would like to thank our talented team for their continued focus and hard work, our customers and vendors for their ongoing cooperation, and the lending group who supported our plan of reorganization.”
Wolfspeed appoints Bret Zahn as general manager of Automotive business
Wolfspeed appoints former NXP and ams OSRAM executive Gregor van Issum as CFO
Wolfspeed files for Chapter 11 bankruptcy as part of financial restructuring
