RENESAS ELECTRON UNSP/ADR

Wolfspeed, a silicon carbide chip manufacturer, plans to declare Chapter 11 bankruptcy to restructure its significant debt load. The company will convert $5.2 billion in existing convertible notes and a $2 billion prepayment from Renesas into $500 million in new senior notes, 95% of new equity, and warrants, reducing its debt by 70% and interest payments by 60%.

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The embedded software market is experiencing rapid growth, driven by increasing demand for real-time computing, automation, and smart device connectivity. The market is expected to reach USD 38.39 billion by 2032, growing at a CAGR of 9.3% from 2024 to 2032.

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