<p>➀ Wolfspeed filed for Chapter 11 bankruptcy, restructuring $6.5B debt by reducing $4.6B with creditor agreements and announcing a 60% cut in interest payments; </p><p>➁ The company maintains $1.3B cash reserves, secured $275M from creditors, and saw a 64.5% stock surge post-announcement; </p><p>➂ CEO emphasized leveraging automated 200mm SiC manufacturing to retain market leadership while continuing operations and customer deliveries</p>