"Everybody Is Fighting For Silicon Carbide Wafers" Says China State Fund Manager
Portfolio Pulse from Daniel Harrison
The increasing competition among China's EV makers is expected to benefit silicon carbide wafer manufacturers, as demand for these wafers is expected to exceed supply for the next one to two years. Major international suppliers such as Wolfspeed, Inc. (NYSE:WOLF), STMicroelectronics N.V. (NYSE:STM), Infineon Technologies AG (OTC:IFNNY), and Allegro Microsystems, Inc. (NASDAQ:ALGM) are seeing increasing demand. Automakers like Li Auto Inc. (NASDAQ:LI), XPeng Inc. (NYSE:XPEV), Nio Inc. (NYSE:NIO), and Tesla Inc. (NASDAQ:TSLA) have adopted SiC wafers, putting upward pressure on prices.
October 09, 2023 | 10:19 pm
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Allegro Microsystems, Inc. is expected to see increased demand for its silicon carbide wafers due to the growing competition among China's EV makers.
The increasing competition among China's EV makers is driving up demand for silicon carbide wafers, which are used in the production of EVs. As a major supplier of these wafers, Allegro Microsystems, Inc. is expected to benefit from this trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Infineon Technologies AG is expected to see increased demand for its silicon carbide wafers due to the growing competition among China's EV makers.
The increasing competition among China's EV makers is driving up demand for silicon carbide wafers, which are used in the production of EVs. As a major supplier of these wafers, Infineon Technologies AG is expected to benefit from this trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
STMicroelectronics N.V. is expected to see increased demand for its silicon carbide wafers due to the growing competition among China's EV makers.
The increasing competition among China's EV makers is driving up demand for silicon carbide wafers, which are used in the production of EVs. As a major supplier of these wafers, STMicroelectronics N.V. is expected to benefit from this trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wolfspeed, Inc. is expected to see increased demand for its silicon carbide wafers due to the growing competition among China's EV makers.
The increasing competition among China's EV makers is driving up demand for silicon carbide wafers, which are used in the production of EVs. As a major supplier of these wafers, Wolfspeed, Inc. is expected to benefit from this trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80