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Wolfspeed (WOLF), a leader in silicon carbide chips for EVs and industrial power, officially exited Chapter 11 in late September 2025. Through the restructuring, Wolfspeed slashed roughly 70% of its debt and cut interest expenses by about 60%. The company simultaneously moved its incorporation from North Carolina to Delaware and installed five new board members (including chair Anthony Abate) to replace the prior directors. CEO Robert Feurle declared this the start of a “new era,” with much-improved financial stability and a scalable 200 mm fab platform ready to capture surging demand in AI, EV, and other markets.
That optimism has translated into a sharp market reaction. Despite Wolfspeed’s modest $630 million market cap, its shares have soared more than 265% year-to-date (YTD) in 2025, largely driven by the company’s bankruptcy exit and the renewed confidence it has sparked among investors.