Wolfspeed's Risky Restructure: Delaware Move & Stock Plunge
Update: 2025-09-27
Description
Wolfspeed, a semiconductor company specializing in silicon carbide and gallium nitride, is shifting its incorporation to Delaware amidst Chapter 11 bankruptcy. This move aims to leverage Delaware's business-friendly legal system for restructuring and attracting investment, but the stock has plummeted 60% from its September high. While some analysts predict a potential 200% rally, the company faces challenges in a competitive market and is currently trading as a volatile penny stock, making it a high-risk investment with an uncertain turnaround.
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