SiC golden era dims as price wars, weak EV demand weigh on market

Leading silicon carbide (SiC) manufacturers, including STMicroelectronics, Onsemi, Infineon Technologies, and Wolfspeed, posted dismal financial results, fueling concerns that the SiC boom may be waning. The downturn is largely tied to turbulence in the and solar inverter sectors, particularly in China, where intensifying price wars are forcing cost cuts across the supply chain.