Top Silicon Carbide Wafer Suppliers to Watch in 2023

The silicon carbide (SiC) semiconductor devices market is experiencing rapid growth, driven by the increasing adoption of SiC in power electronics, electric vehicles, and renewable energy systems. The global market size is expected to reach USD 10.39 billion by 2030, with a compound annual growth rate (CAGR) of 23.8% from 2023 to 2030. This article highlights the top silicon carbide wafer suppliers to watch in 2023, each playing a significant role in driving innovation and meeting the growing demand for SiC technology.

Key Takeaways

• The global SiC semiconductor devices market is projected to reach USD 10.39 billion by 2030, growing at a CAGR of 23.8%.
• Wolfspeed, Inc., Infineon Technologies AG, and STMicroelectronics N.V. are leading players in the SiC market.
• The transition from 150mm to 200mm wafers is a significant trend to handle the increasing demand for SiC devices.
• R&D investments in the semiconductor industry are creating substantial growth opportunities for SiC technology.
• Top SiC wafer suppliers are focusing on innovations to reduce defects and improve the quality of SiC power ICs.

1. Wolfspeed, Inc.

Wolfspeed, Inc., based in Durham, North Carolina, is a leading semiconductor manufacturer specializing in Silicon Carbide (SiC) technology. Wolfspeed tops out the world’s largest, most advanced SiC fabrication facility located in Chatham County, North Carolina. This facility will produce 200mm silicon carbide wafers, significantly expanding Wolfspeed’s materials capacity.

Key Developments

Wolfspeed is ramping up production in its Marcy, New York-based Silicon Carbide fabrication facility, which officially opened in April 2022. The Marcy fab, which is the world’s only 8-inch Silicon Carbide fabrication facility, is expected to reach full production capacity by 2024.

Technological Advantages

According to Jay Cameron, senior vice president of power ICs at Wolfspeed, the key advantages of SiC-powered devices include power density, higher voltage, and attractive thermal properties. These features make SiC devices ideal for applications requiring efficient motor drivers, dense motor drivers, or power conversion circuits.

Market Position

Wolfspeed is a notable player in the Silicon Carbide market, with a stock symbol of WOLF. The company has seen a recent change of 4.36% in its stock value, reflecting its strong market position and growth potential.

2. Infineon Technologies AG

Infineon Technologies AG, Germany’s largest semiconductor manufacturer, is a key player in the silicon carbide wafer market. The company has been making significant strides in expanding its manufacturing capabilities. Earlier this year, Infineon received approval from Germany’s Economy Ministry to start construction on a $5.35 billion plant in Dresden, which is expected to be completed by 2026.

Key Projects

• Dresden Fab: This new facility in Dresden, Germany, is a major investment aimed at boosting Infineon’s production capacity. The plant is scheduled for completion in 2026.

Market Position

Infineon is well-positioned in the global silicon carbide semiconductor devices market, which is expected to reach USD 10.39 billion by 2030, registering a CAGR of 23.8% from 2023 to 2030.

Strategic Importance

The new Dresden plant is not just a significant investment for Infineon but also a critical component of Germany’s strategy to lead Europe’s chip manufacturing revival. The facility will play a crucial role in meeting the growing demand for silicon carbide wafers.

3. STMicroelectronics N.V.

STMicroelectronics N.V. is a global leader in the semiconductor industry, known for its innovative solutions and extensive product portfolio. The company is committed to advancing technology and meeting the growing demands of various industries.

Key Products and Services

• Microcontrollers and Microprocessors
• Analog and Mixed-Signal ICs
• Power Discrete and Modules
• MEMS and Sensors

Recent Developments

STMicroelectronics has announced plans to build the world’s first fully integrated silicon carbide (SiC) wafer manufacturing facility. The new facility is targeted to start production in 2026 and to ramp to full capacity by 2033, with up to 15,000 wafers per week at full build-out. The total investment for this project is substantial, reflecting the company’s commitment to leading the SiC market.

Market Position

STMicroelectronics holds a strong position in the global semiconductor market, with a focus on automotive, industrial, and consumer electronics sectors. The company’s strategic investments and partnerships have enabled it to maintain a competitive edge and drive innovation in the industry.

4. ON Semiconductor Corporation (on semi)

ON Semiconductor Corporation, commonly known as on semi, is a prominent player in the silicon carbide (SiC) market. The company has made continuous breakthroughs in SiC substrates, positioning itself as a key supplier in the industry. In 2023, on semi’s investments are directly aimed at the automotive SiC market, reflecting its strategic focus on this high-growth area.

5. ROHM Co., Ltd.

ROHM Co., Ltd. is a prominent player in the silicon carbide (SiC) wafer industry, known for its innovative solutions and high-quality products. ROHM’s commitment to advancing SiC technology has positioned it as a key supplier in the market.

6. Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is a prominent player in the silicon carbide (SiC) wafer market, known for its innovative solutions and high-quality products. The company’s expertise in power electronics and electric vehicles has positioned it as a key supplier in the industry. Mitsubishi Electric’s SiC wafers are widely used in various applications, including electric vehicle charging infrastructure, industrial control systems, and renewable energy solutions.

Key Products and Services

• SiC wafers for power electronics
• SiC devices for electric vehicles
• Solutions for renewable energy applications

Market Position

Mitsubishi Electric Corporation has a strong market presence, leveraging its extensive experience and technological advancements to maintain a competitive edge. The company’s commitment to research and development ensures continuous improvement and innovation in its SiC wafer offerings.

Future Prospects

The future looks promising for Mitsubishi Electric Corporation as the demand for SiC wafers continues to grow. The company’s focus on sustainability and energy efficiency aligns with the global shift towards greener technologies, making it a supplier to watch in 2023 and beyond.

7. Toshiba Corporation

Toshiba Corporation, headquartered in Tokyo, Japan, is a prominent player in the silicon carbide (SiC) wafer industry. Toshiba’s commitment to innovation and quality has positioned it as a key supplier in the market. The company’s SiC wafers are integral to various applications, including power electronics and electric vehicles, which are driving the market’s growth.

Toshiba’s inclusion in the top companies list of silicon carbide industry highlights its significant role and influence. The company’s advancements in SiC technology contribute to the superior material properties of silicon carbide over silicon, making it a preferred choice in the industry.

8. Fuji Electric Co., Ltd.

Fuji Electric Co., Ltd. is a prominent player in the silicon carbide market, known for its high-quality silicon carbide substrate wafers. The company’s expertise in power electronics and electric vehicles has positioned it as a key supplier in the industry.

9. Allegro MicroSystems Inc.

Allegro MicroSystems Inc. is a prominent player in the semiconductor industry, known for its innovative solutions in power and sensing technologies. The company has a strong focus on providing high-performance products that cater to the automotive and industrial sectors.

Key Products and Services

• Power ICs
• Magnetic Sensors
• Current Sensors
• Motor Drivers

Market Position

Allegro MicroSystems has established itself as a leader in the market by consistently delivering reliable and efficient semiconductor solutions. The company’s products are widely used in various applications, including automotive, industrial, and consumer electronics.

Recent Developments

• Expansion of product portfolio with new sensor technologies
• Strategic partnerships to enhance market reach
• Investment in research and development to drive innovation

Future Outlook

Allegro MicroSystems is poised for significant growth in the coming years, driven by its commitment to innovation and customer satisfaction. The company aims to expand its market presence and continue to develop cutting-edge solutions for its customers.

10. Powerex Inc.

Powerex Inc. is a prominent player in the silicon carbide market, known for its high-quality power semiconductor solutions. The market’s growth can be attributed to the superior material properties of silicon carbide over silicon, the increasing adoption of SiC semiconductor devices in power electronics and electric vehicles, along with its growing applications in the electric vehicle charging infrastructure market.

Conclusion

The silicon carbide (SiC) semiconductor devices market is poised for significant growth, with projections indicating it will reach USD 10.39 billion by 2030, driven by a robust CAGR of 23.8% from 2023 to 2030. This growth is fueled by increasing R&D investments and the rising adoption of SiC devices in power electronics, particularly in the electrification of vehicles. Key players such as Allegro MicroSystems Inc., Infineon Technologies AG, and Wolfspeed, Inc. are at the forefront of this burgeoning market. As fabs transition from 150mm to 200mm wafers to meet demand, innovations in test and inspection processes will be crucial. The companies highlighted in this article are well-positioned to capitalize on these trends, making them the top silicon carbide wafer suppliers to watch in 2023.

Frequently Asked Questions

What is the projected market size for silicon carbide semiconductor devices by 2030?

The global silicon carbide semiconductor devices market size is expected to reach USD 10.39 billion by 2030, registering a CAGR of 23.8% from 2023 to 2030.

Which companies are mentioned as key players in the silicon carbide wafer market?

Key players in the silicon carbide wafer market include Allegro MicroSystems Inc., Infineon Technologies AG, ROHM Co., Ltd., STMicroelectronics N.V., ON Semiconductor Corporation (on semi), Wolfspeed, Inc., Gene Sic Semiconductor, TT Electronics plc., Mitsubishi Electric Corporation, Powerex Inc., Toshiba Corporation, and Fuji Electric Co., Ltd.

What are some recent developments in the silicon carbide semiconductor devices market?

Recent developments include growing R&D investments in the semiconductor industry and innovations in test and inspection processes to support increased capacity, such as moving from 150 to 200mm wafers and using analytics to better understand the electrical impact of defects observed during inspection.

Why is silicon carbide important for semiconductors?

Silicon carbide is an important abrasive and wafer material for semiconductors. It enables manufacturers to avoid costs and emissions associated with mining and transportation by recycling agricultural residues.

How has the global silicon wafer manufacturing materials market grown in recent years?

Driven by the Internet of Things, big data, and artificial intelligence, the global silicon wafer manufacturing materials market has grown significantly. The market size increased to 37.343 billion USD in 2021, with a compound annual growth rate of 7.7%, and is expected to reach 42.754 billion USD in 2023.

What challenges does the growth of silicon carbide power ICs for electric vehicles present?

The electrification of vehicles is fueling demand for silicon carbide power ICs, but it also creates challenges in finding and identifying defects in those chips, driving the need for better ways to reduce defects.