SiC Wafer Market Share

Market Share of SiC Wafer Industry

The SiC wafer market is highly competitive and fragmented, consisting of some influential players such as Resonac Holdings Corporation, STMicroelectronics (Norstel AB), Xiamen Powerway Advanced Material Co, Coherent Corp. (II-VI Incorporated), and Wolfspeed Inc. These players, with noticeable shares in the market, are concentrating on expanding their customer base across foreign countries. They leverage strategic collaborative actions to improve their market percentage and enhance their profitability.

• December 2023: Coherent announced that Denso Corporation and Mitsubishi Electric Corporation had completed a USD 1 billion equity investment in its silicon carbide business. Under the deal, in exchange for an ownership interest of 12.5% with no control by Coherent, DENSO and Mitsubishi Electric each invested USD 500 million. Coherent had owned the other 75%.
• July 2023: Renesas Electronics Corporation and Wolfspeed Inc. announced the conclusion of a supply agreement for silicon carbide bare and epitaxial wafers and a deposit of USD 2 billion from Renesas to secure a ten-year supply commitment from Wolfspeed. Renesas will be in a position to begin silicon carbide power semiconductor production by 2025 when it receives high-quality silicon carbide wafers from Wolfspeed.

SiC Wafer Market Leaders

1. Wolfspeed Inc.

2. Coherent Corp. (II-VI Incorporated)

3. Xiamen Powerway Advanced Material Co.

4. STMicroelectronics (Norstel AB)

5. Resonac Holdings Corporation

*Disclaimer: Major Players sorted in no particular order