THIS ARTICLE IS SYNTHESIZED BY THE SEMICONDUCTOR INDUSTRY (ID: ICVIEWS).
After reaching production, it will be able to produce 480,000 pieces of 8-inch silicon carbide automotive-grade MOSFET power chips per year.
According to Xiyong Microelectronics Park, as another flagship project in the semiconductor field in Chongqing, the construction site of the San'an STMicroelectronics project with a total investment of about 30 billion yuan is roaring and in full swing, and the operation is being carried out in an intense and orderly manner. Under the full guarantee and rapid advancement of the key special class at the municipal level, the main plant of the project was capped in just over 5 months, and the interior decoration and equipment procurement are underway, and it is expected that it will be lit up and put into operation in August this year, 2 months earlier than the original plan.
The construction site of the San'an STMicroelectronics project
According to the latest news from Chongqing Science City in the west, the relevant person in charge of the San'an STMicroelectronics project said, "It is expected that by the end of April this year, the external line of the substrate factory will be able to be energized, 60 days earlier than expected." ”
On June 8, 2023, San'an Optoelectronics Co., Ltd. and STMicroelectronics Group signed a cooperation agreement on Chongqing San'an STMicroelectronics silicon carbide project in Chongqing. According to the agreement, STMicroelectronics and Sanan Optoelectronics will establish a joint venture in Chongqing to actively promote the construction of San'an ST's silicon carbide project.
The Sanan STMicroelectronics project includes an automotive-grade power chip manufacturing enterprise specializing in silicon carbide epitaxy, chips, R&D, manufacturing, and sales, as well as a material supplier providing silicon carbide substrates.
The project includes a manufacturer of automotive-grade power chips and a material supplier that will provide silicon carbide substrates. Among them, the automotive-grade power chip manufacturing enterprise is a joint venture established by San'an Optoelectronics, a leading domestic compound semiconductor company, and STMicroelectronics, an international semiconductor giant, with a planned total investment of about 3.2 billion US dollars, and after reaching production, it can produce 480,000 pieces of 8-inch silicon carbide automotive-grade MOSFET power chips per year, which is at the leading level in the industry.
The market penetration rate of 8-inch SiC wafers is about to be on par with that of 6-inch wafers
The increasing adoption of electric vehicles is driving the demand for key silicon carbide power electronic components. How can semiconductor companies, automotive OEMs, and others create value in the midst of chaos?
The electric vehicle (EV) market is expected to grow at a CAGR of 20% through 2030, when xEV sales are expected to reach 64 million units, four times the expected sales of EVs in 2022. Ensuring that the supply of EV components is sufficient to meet this rapidly growing projected demand is critical, and the supply of silicon carbide (SiC) deserves special consideration. Recently, McKinsey released a report to provide analysis and explanation.
McKinsey expects the share of electric vehicles in the global light vehicle market to increase by 3.8 times from 2018 to 2022, from about 17 million to 64 million units in 2030.
In many countries, the total cost of ownership (TCO) of electric vehicles is expected to reach parity with internal combustion vehicles (ICEs) by 2024 or 2025, while regulatory measures and investments in electric vehicles and charging infrastructure as part of the goal of achieving net zero emissions are driving this growth.
According to McKinsey's analysis, it is expected to transition from the production and use of six-inch wafers to eight-inch wafers, starting in about 2024 or 2025 and reaching 50% market penetration by 2030. Once the technical challenges are overcome, eight-inch wafers will provide manufacturers with gross margin benefits, including reduced edge losses, increased automation, and the ability to make the most of depreciated assets in the silicon production process. According to McKinsey's analysis, the gross margin benefit of this shift is about five to ten percentage points, depending on the degree of vertical integration.
Mass production of eight-inch wafers in the U.S. is expected to begin in 2024 and 2025, when industry-leading manufacturers will begin production. Eight-inch wafer production is expected to ramp up rapidly thereafter, primarily in response to demand and pricing pressures, especially from mid-range EV OEMs, as well as cost savings from the transition to eight-inch silicon carbide wafer manufacturing.
Tianyue Advanced, a leading domestic silicon carbide substrate, nearly tripled its revenue last year
Tianyue Advanced released its annual report on the evening of April 11, showing that in 2023, the company's revenue scale will increase by nearly two times, the loss will narrow year-on-year, and the market share of silicon carbide substrate materials in the world will increase to the second place.
In 2023, Tianyue Advanced will achieve operating income of 1.251 billion yuan, a year-on-year increase of nearly two times, net profit attributable to shareholders of listed companies of -45.7205 million yuan, loss narrowing year-on-year, basic earnings per share of -0.11 yuan, and a comprehensive gross profit margin of 15.81%. The company does not pay dividends at the end of the period.
Tianyue Advanced is engaged in the business of silicon carbide semiconductor materials, and has realized the batch supply of 8-inch conductive substrates, 6-inch conductive substrates, 6-inch semi-insulating substrates, 4-inch semi-insulating substrates and other products, and its main customers include well-known customers in the fields of power electronic devices, 5G communications, and automotive electronics at home and abroad.
According to the Fuji Economic Report, an authoritative industry research institute in Japan, in the global conductive silicon carbide substrate material market in 2023, Tianyue Advanced (SICC) will surpass II-VI (Coherent) in the market share and rank second in the world. The company's output of conductive silicon carbide substrates continued to rise, and its market share gradually increased.
In terms of products, the company's automotive-grade conductive silicon carbide substrate products have achieved industry-leading results: 6-inch conductive substrate products are supplied to international customers in large quantities to promote the company's annual performance growth, and the company will gradually increase the production capacity of 8-inch products according to the situation of customers in the downstream market.
*Disclaimer: This article was created by the original author. The content of the article is his personal point of view, and our reprint is only for sharing and discussion, and does not mean that we agree or agree, if you have any objections, please contact the background.