Shares of Wolfspeed, a prominent chipmaker, dropped by 50% on Friday, hitting their lowest point since 1998. This significant decline stems from uncertainty surrounding the company’s...
Etiket: restructuring
Banks Sell $5.5 Billion of Musk’s X Debt to Investors
Banks led by Morgan Stanley have successfully sold $5.5 billion of the $13 billion debt incurred to finance Elon Musk’s $44 billion acquisition of Twitter, now...
STMicroelectronics Considers Job Cuts in France and Italy Amid Restructuring
STMicroelectronics, the French-Italian semiconductor company, is reportedly planning to reduce its workforce by up to 3,000 jobs, or approximately 6% of its employees, across its French...