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Wolfspeed's Second Act: rising from Chapter 11 on the medium-voltage side of the AI data centre

10 September 2026 · 48 min read · Updated 6 Oct 2026
Wolfspeed Second Act. Chapter 11 waterfall: $6.7B debt reduced by $4.6B to $2.1B post-emergence. Renesas at ~32% + warrant.
Wolfspeed emerged from a 91-day prepackaged Chapter 11 on 29 September 2025 with approximately $4.6B of debt cancelled. Renesas anchors the new cap table at roughly 32 percent plus warrant.
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