American semiconductor pioneer Wolfspeed nears collapse due to Washington's policies

NAMPA / Xinhua
2025-05-22
SACRAMENTO, United States, May 21 (Xinhua) -- Wolfspeed, once a flagship of U.S. semiconductor innovation, teetered on bankruptcy after its stock plummeted 70 percent Wednesday, erasing nearly 1.5 billion U.S. dollars in market value. According to the Wall Street Journal Pro on Wednesday, the Durham-based company, which opened a high-profile factory in New York's Mohawk Valley three years ago, faced Chapter 11 restructuring amid 6.5 billion in......
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