Wolfspeed Reportedly Facing Bankruptcy: What's Happening?

Hey, so it sounds like Wolfspeed, that company that makes those techy semiconductor things, might be in a bit of trouble. The Wall Street Journal is saying they could be filing for bankruptcy really soon, maybe even in just a few weeks.

Apparently, they're having a tough time dealing with all the money they owe. The report says they're thinking about doing a Chapter 11 bankruptcy, which is like a way to reorganize things, and it seems like most of the people they owe money to are okay with that plan. They apparently said no to some other ideas about how to fix their debt outside of court.

We tried to get a comment from Wolfspeed about all this, but they didn't get back to us right away. Idk, guess we'll have to see what happens next.