Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5bn debt by more than two-thirds as a part of a bankruptcy package.
The transaction will nearly wipe out shareholders of the company, which had a market capitalisation last year of $4bn.
Wolfspeed last year had an agreement with the Biden administration to receive $750mn of funding through the Chips Act programme, the federal government’s multibillion-dollar fund to subsidise domestic semiconductor production.
您已阅读20%（556字），剩余80%（2164字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。