Silicon Carbide Stocks

Silicon carbide (SiC) is a semiconductor material composed of pure silicon fused with carbon. Doping with nitrogen or phosphorus creates an n-type semiconductor; beryllium, boron and aluminum may be added for p-type use.

Suppliers in the SiC market are employing both organic and inorganic growth strategies such as product launches, agreements, contracts, collaborations, expansions, and investments to bolster their positions within this highly competitive global industry.

Stocks

Silicon carbide (SiC) is an inorganic compound composed of silicon and carbon atoms arranged in a crystal lattice structure. SiC is known for its hardness, strength, corrosion resistance, thermal conductivity and thermal conductive capabilities – qualities which make it highly suitable for industrial use in sectors like metallurgy and abrasives. Furthermore, SiC’s excellent thermal conductivity and excellent power electronics performance makes it a go-to material. SiC device sales continue to expand worldwide as demand rises from sectors like electric vehicles, renewable energy systems, motors and industrial motors demand power efficient technologies are increasing demand – fueling growth in SiC device sales globally.

Cree, Inc. and STMicroelectronics N.V. are two key players in this market that are producing significant revenue through developing, manufacturing, and marketing a diverse range of semiconductor products. Furthermore, II-VI Coherent Corporation and ON Semiconductor Corporation have expanded through inorganic acquisitions.

These transformative companies are at the vanguard of silicon carbide semiconductor chip development and stand to capture decades of demand with their cutting-edge technologies.

Before investing in semiconductor stocks, it’s crucial to conduct due diligence. You should carefully study their revenue growth, earnings growth and margins; also compare this company against others within its sector.

Additionally, it’s worth taking a close look at individual segments in the market and their growth rates. For instance, it would be wise to monitor how SiC bare die and mSiC MOSFET sales are expanding – this should drive future expansion for the entire semiconductor industry. You should also examine wafer size growth, application uses, end uses as these trends will help determine which stocks you should invest in. It is also wise to anticipate potential recessionary events that might reduce demand for semiconductor products.

Definition

Silicon carbide (SiC) is an inorganic semiconductor comprised of pure silicon and carbon. It can be doped with nitrogen or phosphorus for use as n-type semiconductors, while doping aluminum, boron or gallium will create p-type versions suited for solar cell manufacturing or high performance applications such as power electronics for electric vehicles or instruments deployed during space exploration. SiC can be doped using aluminum doping vs doping with nitrogen or phosphorus dopings to form n-type or p-type semiconductors respectively.These compounds have wide applications including semiconductor manufacturing as well as instruments deployed during space exploration missions. SiC has great potential as it has potential to replace traditional silicon-based semiconductors while also having potential in replacing traditional silicon-based applications where traditional silicon-based ones cannot compete, replacing traditional silicon-based ones in high performance applications like power electronics for electric vehicle power electronics as well as instruments found aboard rovers or probes used during space exploration missions.

Silicon Carbide Market leaders have taken various strategies such as partnerships, agreements, collaborations and contracts to expand their presence in the market. Companies are working towards expanding production capacity so as to meet rising demand for SiC devices in future.

Silicon Carbide Market Is Expected to Grow by over 4% annually between 2024-2032

Leading companies in the silicon carbide industry include CUMI EM, AGSCO Corp, Saint-Gobain and ESD-SIC BV – these manufacturers invest heavily in R&D activities in order to expand their product lines and increase market share.

Microchip Technology is another major player in the market, with both revenues and earnings per share skyrocketing in recent years. Boasting an expansive portfolio of semiconductor products including leading expertise in silicon carbide technology, recent quarter results were equally impressive with revenue growing 9% and earnings per share leaping 24% year-on-year compared to same period last year compared with same period previous year. Furthermore, its strong cash flow coupled with strategic partnership agreements such as Intel make Microchip an attractive long-term investment decision.

History

Silicon carbide, commonly referred to by its acronym SiC, is a semiconductor base material which can be doped with nitrogen or phosphorus for an n-type semiconductor application and beryllium, boron and aluminum for p-type applications. Silicon carbide ranks second only to diamond in terms of hardness; additionally it boasts excellent temperature tolerance as well as radiation-resistance characteristics.

Carbon fibres are used extensively in the production of insulators and refractory materials, with applications in aerospace, military and energy sectors for their lightweight properties and radiation resistance.

SiC power devices have also gained ground in the automotive sector due to their lower cost, improved performance and longer lifespan. Meanwhile, innovation within both device technology and manufacturing processes are fuelling growth in this sector.

Silicon carbide power semiconductors are forecasted to experience explosive growth. A traction inverter is the heart of an electric vehicle’s motor system, converting DC power from batteries into AC power for use by its motor. Therefore, its reliability and power must remain at optimal levels to ensure proper functioning of this essential part of their systems.

CUMI EM is a global manufacturer of silicon carbide (SiC) products such as refractories, super refractories, electro minerals and abrasives. As demand for SiC products worldwide increases, CUMI EM has been expanding production capacity to meet this growing demand and engaging in inorganic growth strategies like agreements and partnerships to fuel their expansion. Recently in April 2022 the company opened an advanced 200mm wafer fabrication facility in New York designed to meet this growing need as well as expanding manufacturing capacities in India and Japan in order to enhance competitiveness further.

Valuation

Silicon Carbide (SiC) market is expected to experience rapid expansion during its forecast period due to increasing electric vehicle adoption, 5G networks development and industrial automation initiatives. Furthermore, increasing demand for power electronics and semiconductor devices based on SiC is driving this growth in market.

However, limited raw materials availability can impede market expansion. SiC production relies on high-purity silicon and carbon precursors; any disruption in their supply could cause shortages and price volatility leading to delays in product launches and limiting scalability of markets.

As mentioned previously, SiC production infrastructure limitations can hinder its expansion. Without modern facilities and logistics support for material delivery and higher costs that impact profitability of companies. Furthermore, setting up SiC factories is costly and time-consuming which impedes their expansion further.

ROHM Co. Ltd; Infineon Technologies AG; Shenzhen BASiC Semiconductor Ltd.; ON Semiconductor Corporation (on semi), and Wolfspeed Inc are among the key players in Silicon Carbide Stocks industry. In particular, ON Semiconductor stands out as an aggressively growing silicon carbide stock company – both its revenue and earnings have seen steady increases over time.

Hassan El Korrey is a dynamic leader at Cypress Semiconductor who recently was chosen as its new CEO. With decades of experience under his belt and strong cashflow capabilities, Hassan plans to turn around this decades old business and make it profitable and cash-rich long term.

Taxes

The global silicon carbide market is projected to experience significant expansion from 2024-2034 due to rising demand for electric vehicles and renewable energy sources, power electronics usage (it offers greater conductivity and durability than regular silicon) as well as industrial automation/robotics adoption (the Asia Pacific region being one of its key driving forces). The Asia Pacific region will lead this surge in growth.

The COVID-19 pandemic and subsequent lockdowns led to a decline in consumer purchasing power and consequently reduced demand for electronic devices and power electronics containing SiC semiconductor devices. However, experts predict a rebound due to increased semiconductor adoption globally as well as rising semiconductor production volumes.

Technological advances in power electronics are leading to innovations in SiC semiconductor devices that improve electric motor and generator performance, thereby improving efficiency and decreasing emissions. Furthermore, these devices enable longer drive distances in electric vehicles while increasing reliability in power electronics systems.

Silicon carbide’s growing demand in automotive, aerospace and military/defense applications is testament to its versatility; being used across metallurgy, abrasives and refractories products among other applications.

Cree, Inc., STMicroelectronics N.V., ON Semiconductor Corporation, Infineon Technologies AG, ROHM Co. Ltd and TT Electronics plc are key players in the silicon carbide market. Each vendor has expanded production capacities in response to rising demand for SiC semiconductor devices while investing in R&D to develop new technology and enhance existing product offerings.