Bankrupt Wolfspeed Aims to Unload Macom Shares for $87 Million

Bankrupt chipmaker Wolfspeed Inc. is pushing to sell hundreds of thousands of shares of public semiconductor company Macom Technology Solutions Holdings Inc. to raise about $87 million.

The expedited private sale of nearly 712,000 shares is meant to capitalize on the higher stock price of Lowell, Mass.-based Macom and provide cash to the estate, according to an emergency motion filed Monday in the US Bankruptcy Court for the Southern District of Texas.

Durham, N.C.-based Wolfspeed filed for bankruptcy in June with a creditor-backed plan to shed $4.6 billion in debt.

Macom designs, develops, and makes semiconductor products for the industrial ...