China's silicon carbide wafer production capacity breaks through and is expected to account for 50% of the world's share in 2024
China's compound semiconductor industry has achieved breakthroughs since 2023, especially in the field of silicon carbide (SiC) growth. The products of many Chinese companies have been recognized by customers and their production capacity has also been significantly increased. Previously, China's silicon carbide materials accounted for only about 5% of the world's production capacity. However, the industry is optimistic that China's silicon carbide wafer share in the world is expected to reach 50% in 2024.
Tianyue Advanced, Tianke Heda, Sanan Optoelectronics and other companies have invested in increasing silicon carbide wafer/substrate production capacity. Currently, the total monthly production capacity of these Chinese companies is about 60,000 wafers. With the release of production capacity by various companies, it is expected that the monthly production capacity will reach 120,000 pieces in 2024, and the annual production capacity will be 1.5 million.
According to industry news and statistics from market research agencies, Tianyue Advanced and Tianke Heda previously accounted for 5% of the global market share, while the world's four leading silicon carbide manufacturers have a much larger share, of which Wolfspeed accounts for 60%. Coherent accounts for 15%, ROHM Electronics accounts for 13%, and SK Siltron accounts for 5%.
