STMicroelectronics saw a decline in net revenue in the third quarter of 2024, but it is accelerating the transformation of wafer fab capacity and launching new technologies to optimize electric vehicle related products. Despite the worsening customer backlog and order volume in the automotive industry, they still maintain optimistic expectations for future silicon carbide revenue driven by emerging fields.

    Renesas Electronics' performance has also changed, with the originally planned construction of its silicon carbide factory slowing down due to a sluggish market and a decrease in production line operating rates.

    Shilan Microelectronics' silicon carbide chip production capacity construction is accelerating, and it already has a certain production capacity and plans to further upgrade. Starr Semiconductor has actively laid out in the field of silicon carbide chips and modules, and has achieved certain results.

     Looking back at the past, multiple companies have also shown different performances in 2023. STMicroelectronics' net revenue increased throughout the year, with a significant increase in revenue from silicon carbide products. Wolfspeed saw quarterly revenue growth, with companies such as China Resources            Microelectronics, Jingsheng Electromechanical, Sida Semiconductor, and Silan Microelectronics experiencing changes in revenue and profit.

      Entering 2024, STMicroelectronics released its annual financial report, with outstanding performance in its silicon carbide business. Other domestic and foreign companies have also disclosed their performance, such as North Huachuang, Jingsheng Electromechanical, Gaoce Co., Ltd., and Zhongwei Semiconductor, which have made progress in different fields.

      In short, the development of SiC enterprises not only involves performance growth, but also faces many challenges, and the future development trend is still worth paying attention to.