According to a recent report by Nikkei News, the slowdown in the electric vehicle market and the continuous increase in production by Chinese silicon carbide (SiC) manufacturers have led to an oversupply in the silicon carbide market and a decline in prices. This has prompted the Japanese semiconductor giant Renesas Electronics to potentially abandon the … Read more
On June 2, news from Nikkei reported that with the slowdown in the electric vehicle market and the continuous increase in production by Chinese silicon carbide (SiC) manufacturers, the silicon carbide market is facing oversupply and price declines. This has led the Japanese semiconductor giant Renesas Electronics to potentially abandon the production of silicon carbide … Read more
On May 29, local time in Japan, Nikkei Asia exclusively reported that Renesas Electronics, a leading semiconductor company in Japan, has officially abandoned its plans to use silicon carbide (SiC) for the production of power semiconductors. The mass production plan, which was scheduled to start in early 2025 at the Takasaki plant in Gunma Prefecture, … Read more
Defeated by Chinese competitors. Author: I Liu Bo Reported by: InvestmentįPEdaily It is lamentable. According to the Wall Street Journal, American silicon carbide wafer leader Wolfspeed is about to file for bankruptcy. Following the news, the company’s stock price plummeted 60% overnight on Wednesday, topping the list of declines in the US stock market. Wolfspeed … Read more
In recent years, Wolfspeed, a leader in global silicon carbide (SiC) technology, saw its stock price plummet by 50% on Friday, announcing measures to improve its capital structure amid growing concerns about its balance sheet and financing prospects. The company has undergone a dramatic shift from industry peak to deep trouble. Once highly regarded for … Read more