received recognition from international IDMs
a significant increase in production capacity
silicon carbide (SiC) crystal growth
by 2024, it is expected to grab a substantial market share.
5% of the global market.
SICC, TankeBlue and San'an
Currently, their combined monthly production capacity is around 60,000 units
t is estimated that monthly production capacity could reach 120,000 units by 2024,
estimated global supply of SiC wafers in 2023, which stands at around 1.7 million
China's 2024 supply could potentially account for about half of the global market share.
SICC and TankeBlue collectively hold approximately 5% of the global market share
companies such as Bosch, Infineon, and STMicroelectronics have all signed contracts and formed joint ventures with companies like SICC, TankeBlue and San'an, which can be seen as a guarantee of China's strength and quality
the global SiC wafer market predominantly uses 150 mm wafers
This situation may pose challenges for less competitive manufacturers, particularly those with poor yields and production costs that don't align with the market's average pricing.
SiC material suppliers in Europe and the United States have sped up financing activities in the second half of 2023