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Recently, Yole Développement, a French semiconductor consulting agency, released the latest research report on global silicon carbide (SiC). The report shows that the SiC device market will reach $6.3 billion in 2027. Poshun Chiu, a senior analyst at the agency, commented: “SiC is a booster for the development of power semiconductors. There is also a lot of room for development in the 1200V high-voltage field. It will grow rapidly in the future.”. Many companies with a deep layout in SiC, including STMicroelectronics, Wolfspeed, ON Semiconductor and Infineon Technologies, have announced their long-term and short-term goals. Although each player chooses a different path, the roadmap for their business model is clear. There are more than 50 semiconductor companies in mainland China involved in the SiC business, as shown below:
SiC business in China
ST’s SiC modules have been used in the Tesla Model 3 for several years. The company is also expanding its own 8-inch SiC fab. ON Semiconductor has taken an important step in 2021 with the acquisition of a SiC wafer supplier-GT Advanced Technologies. Infineon’s SiC device business will grow by 126% in 2021, far exceeding the company’s average growth rate of 57%. The 800V fast charge from Infineon has the deal for Hyundai Ioniq5. Adding this to its solid foundation in industrial applications, the company is now in the fast lane.
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