SK Group plans to invest 700 billion won in the silicon carbide (SiC) semiconductor wafer business to become the world's leader in the world's cutting-edge materials market by 2025.
According to a businesskorea report, the holding company of SK Group recently stated that it will invest 5.1 trillion won in cutting-edge materials by 2025. Among them, 700 billion won is used for SiC wafers.
It is reported that SK Group is paying close attention to the SiC power semiconductor market for electric vehicles. SK Group predicts that by 2025, the utilization rate of SiC semiconductors for electric vehicles will rise from the current 30% to more than 60%, and the SiC wafer market will expand from US$218 million in 2021 to US$811 million.
Faced with this huge potential market, SK Group plans to increase the production capacity of SiC wafers from 30,000 pieces this year to 600,000 pieces by 2025, and increase its global market share from 5% to 26%. The company predicts that SiC wafer business sales will reach 30 billion won in 2021, and plans to increase sales to 500 billion won by 2025.
The report pointed out that the SK Group regards silicon carbide and power semiconductors as new growth drivers and has been making large-scale investments in recent years. SK Siltron acquired DuPont’s silicon carbide business unit for USD 450 million in 2019 to enter the silicon carbide field; in July this year, SK Siltron CSS, a US subsidiary of SK Siltron, decided to invest USD 300 million in Michigan, the United States. To expand SiC production facilities.