ST Microelectronics Secures Top Position in SiC Market

Last year, STMicroelectronics led the market in SiC devices with a 32.6% share. The top five suppliers accounted for about 91.9% of the total revenue. onsemi climbed from fourth place in 2022 to secure the second spot. Although the market was largely driven by electric vehicles (EVs) last year, the slowdown in EV sales growth is impacting the SiC device market. TrendForce anticipates a significant deceleration in this market for this year.