US-based semiconductor manufacturer Wolfspeed Inc. shares jumped more than 50% during the pre-market trading session on the New York Stock Exchange (NYSE) on Tuesday, 30 September 2025, as the chipmaker successfully exited its Chapter 11 bankruptcy proceedings.
The company’s Chief Executive Officer (CEO) announced that the chipmaker has exited its expedited restructuring process and is ready to mark the beginning of a new phase.
“Wolfspeed has emerged from its expedited restructuring process, marking the beginning of a new era,” said CEO Robert Feurle on Monday, reported the news agency Reuters.
Wolfspeed Inc. is involved in developing and manufacturing wide-bandgap semiconductors using silicon carbide (SiC) and gallium nitride (GaN) materials, aiming to make them more power-efficient for radio-frequency applications.
(This is a developing story. Please check back for updates)
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