Wolfspeed says dialogue with White House, legislators ‘constructive’

Wolfspeed (WOLF) said “continues to explore alternatives with regard to its convertible notes, in partnership with its advisors, and remains in a dialogue with lenders, including Apollo and Renesas.” It added, “The Company also maintains constructive dialogue with the White House, its legislators, and the U.S. Department of Commerce to secure federal funding and on ways Wolfspeed can support the Trump Administration’s efforts to reinforce U.S. industrial leadership in semiconductors, secure domestic supply chains, and reshore the manufacturing of critical mineral derivatives, including semiconductor wafers.”