Core Insights - Wolfspeed reported a weaker first-quarter profit, indicating ongoing challenges for the U.S. chipmaker as it recovers from bankruptcy and faces subdued demand [1] Financial Performance - The company's first-quarter profit was lower than expected, reflecting difficulties in the recovery process post-bankruptcy [1] - The subdued demand for chips has further impacted the company's financial results, leading to a decline in share prices [1] Market Context - The challenges faced by Wolfspeed are indicative of broader issues within the semiconductor industry, particularly in the U.S. market [1] - The company's performance highlights the ongoing volatility and uncertainty in the chip market, which is struggling with demand fluctuations [1]