Wolfspeed’s challenges on path of transition - May 2024
HOW WILL THE SIC MARKET LEADER REACT TO IMPROVE ITS FINANCES IN A GROWING BUT INCREASINGLY COMPETITIVE MARKET?
US-based Wolfspeed is the market leader in SiC substrates and epiwafers, but the company’s management is coming under pressure from investors to turn around its financial metrics as it loses share to Chinese players entering the market.
The SiC device sector is set to become the major SiC market over the next five years, Yole Group forecasts, growing from around $2.7 billion this year to more than $10 billion by 2029. The BEV represents the primary market driver, over than 70% of the market. And Industrial applications, including EV chargers and power supply add further momentum to grow the market size.
To ensure Yole Group is at the forefront, the company is dedicating today’s spotlight to the SiC industry, particularly from a manufacturing perspective with the new report, Power SiC – Manufacturing. Yole Group’s analysts are guiding the readers through an in-depth exploration of SiC manufacturing process and dedicated equipment. This encompasses scrutinizing technological advancements, the strategies of prominent SiC equipment manufacturers, and delving into the newest breakthroughs.
In the report, Yole Group shows the transition of focus in the SiC business, the value captured by substrates declined from around 50% to 24%, in the 5-year time of 2019 to 2024. And this value could declined further to 22% by 2029, by seeing the large volume capacity of wafer manufacturing, released by multiple players.
Come along with Yole Group as Poshun CHIU , Senior Technology & Market Analyst ventures today into the realm of SiC, uncovering strategies for industry players to tackle obstacles and foster business growth.
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📆 UPCOMING EVENTS
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Join Yole Group as we showcase our latest products, solutions, and technological breakthroughs in power electronics. 📊
Don't hesitate to come and visit our booth #731 in hall 7 to explore our products, and engage in discussions with our team of experts! 🤝
Join PCIM and attend our numerous presentations on different stages :
TECHNOLOGY STAGE
🎤 Revolutionizing Power Semiconductors: Decade of Transformation and Future Trends by our Semiconductor Substrates & Materials Team : Claire Troadec , Ezgi Dogmus, PhD , Amine Allouche and Taha Ayari, PhD on June 11.
SMART POWER SYSTEM INTEGRATION STAGE
🎤 Smart integration is more than just making systems more compact by Hassan CHEAITO on June 13.
E-MOBILITY & ENERGY STORAGE STAGE
🎤 How will the trend toward ‘more affordable vehicles’ Impact EV technologies and the supply chain? by Dr. Milan ROSINA on June 11.
🎤 Catalyzing the Future: Unveiling the Performance and Cost Dynamics of SiC Power Technology by Amine Allouche on June 12.
🎤 How automotive electrification is transforming power module technology and market trends? by Shalu Agarwal on June 13.
Interested in an onsite meeting with us? Send us your request at events@yolegroup.com
Stay tuned on yolegroup.com !
- Yole Group Communications Team - communications@yolegroup.com
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