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Wolfspeed emerges from bankruptcy, receives $698.6M from IRS

(The Center Square) – Wolfspeed, the silicon carbide power solutions company headquartered in North Carolina, once in line for three-quarters of $1 billion from the Biden administration, has emerged from Chapter 11 bankruptcy strengthened by $698.6 million in cash tax refunds from the IRS. The mon......

Source: Washington Examiner

Original URL: https://www.washingtonexaminer.com/news/business/3907970/wolfspeed-emerges-from-bankruptcy-receives-698-6m-from-irs/