FILE PHOTO: U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., Courtesy of Wolfspeed/Handout via Reuters./File Photo
(Reuters) -Semiconductor supplier Wolfspeed is preparing to file for bankruptcy within weeks, as it struggles to address its debt pile, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.
Shares of the company fell over 57% in extended trading.
