06:09 AM EDT, 09/30/2025 (MT Newswires) -- Wolfspeed ( WOLF ) said late Monday that it had completed its financial restructuring and emerged from Chapter 11 protection.

The semiconductor maker said that the restructuring reduced total debt by 70%, extended maturities to 2030, and lowered annual cash interest expense by 60%.

The company said it maintains ample liquidity to supply customers and plans to leverage its 200mm silicon carbide manufacturing facility under a self-funded business plan.

Shares of Wolfspeed ( WOLF ) were up 35% in recent premarket activity Tuesday.