Core view
Semikon and Danfoss silicon power merged to jointly target the silicon carbide market. On March 29, Semikron announced the merger with Danfoss silicon power to establish Semikron Danfoss. The combined Semikron Danfoss will focus on the field of power semiconductors, including a new generation of SiC power modules, and will remain in two major bases in Nuremberg and Flensburg, Germany, with more than 3500 experts in the field of power electronics.
In 2021, the market of silicon carbide power devices increased by 57% year-on-year, and Italian French semiconductor remained the leader. According to yole data, the top six companies in the sales revenue of silicon carbide power devices in 2021 were Italian French semiconductor, Infineon, wolfspeed, Roma, ansenmey and Mitsubishi Electric. The revenue in the field of silicon carbide power devices was US $450 million, US $248 million, US $165 million, US $108 million, US $78 million and US $28 million respectively. In 2021, the global market scale of silicon carbide power devices increased by 57% year-on-year.
Yole predicts that the market space of silicon carbide power devices will reach US $6.297 billion by 2027. According to yole report, the global silicon carbide power device market will maintain a compound annual growth rate of 34% from 2021 to 2027, and the market scale will increase from US $1090 million in 2021 to US $6297 million in 2027. Among them, the automotive field will be the largest application market of silicon carbide in the future. In 2027, the silicon carbide Market in the automotive sector will reach US $4.986 billion, accounting for 79.18% of the total.
The market of electronic sector is weaker than the market
From March 28 to April 1, the Shanghai stock index rose 2.19%, and CITIC electronics fell 2.65%, underperforming the market by 4.85 percentage points. Year to date, the Shanghai index fell 9.81%, CITIC electronics fell 25.15%, outperforming the market by 15.34 percentage points. From March 28 to April 1, the Philadelphia Semiconductor Index fell 4.50%; Year to date, the Philadelphia Semiconductor Index fell 14.69%.
Increase in electronic industry segments
From March 28 to April 1, the middle panel of the electronic segment industry rose by 1.21%, passive components rose by 0.38%, security rose by 0.22%, and the rest fell this week. Since the beginning of the year, the electronic sub sectors have been falling, of which the smaller sectors are discrete devices, panels, semiconductor materials, semiconductor equipment and semiconductors.
Rise and fall of individual stocks: A shares
From March 28 to April 1, the top five companies in the electronics industry were Shen Zhen Australis Electronic Technology Co.Ltd(300940) , Cosonic Intelligent Technologies Co.Ltd(300793) , Shanghai Fudan Microelectronics Group Co.Ltd(688385) , Grinm Advanced Materials Co.Ltd(600206) and Optowide Technologies Co.Ltd(688195) , up 22.86%, 22.66%, 17.88%, 16.90% and 15.99% respectively; The companies with the top five declines were Jiangsu Gian Technology Co.Ltd(300709) , Chunghsin Technology Group Co.Ltd(603996) , Wuxi Chipown Micro-Electronics Limited(688508) , Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) and Hangzhou Silan Microelectronics Co.Ltd(600460) , down 17.12%, 14.29%, 13.49%, 11.06% and 10.71% respectively.
Investment advice
It is recommended to pay attention to Sanan Optoelectronics Co.Ltd(600703) , China Resources Microelectronics Limited(688396) , Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) , Wuxi Nce Power Co.Ltd(605111) , Zhejiang Tony Electronic Co.Ltd(603595) , Tianyue advanced, etc. related to silicon carbide.
Risk tips
The increase of silicon carbide production capacity was less than expected, and the downstream demand slowed down.
