➀ Wolfspeed, a leading player in the SiC industry, has faced significant challenges including market share loss, financial losses, and a drastic drop in stock value. ➁ The company's strategy of heavy investment in 8-inch SiC wafer production has led to high costs and low profitability. ➂ Amidst intense competition and market saturation, Wolfspeed is considering cost-cutting measures such as factory closures and strategic partnerships to regain market position.