Let's dive into the world of electric vehicles (EVs) and Silicon Carbide (SiC) semiconductors!
Hefty investments by American company fuel competition - the chase for automotive chips for electric vehicles persists
The racing toward electric mobility isn't slowing down, and the use of SiC semiconductors is a key player in this game. Multibillion-dollar investments are pouring into this technology to make EVs more efficient and appealing.
One major player in this game is the American chipmaker, Wolfspeed. With expertise in SiC technology and production, especially for electric vehicles, these SiC chips are becoming increasingly crucial due to their advantages, such as longer range and faster charging times for EVs.
The new SiC semiconductor factory that Wolfspeed is planning to build in the Saarland region of Germany might be the next big step. However, as reported by Handelsblatt, the state funding approval for this project is still pending, so construction hasn't started yet.
A prominent customer of Wolfspeed is the renowned German car manufacturer, Mercedes. The Stuttgart-based company recently partnered with the Americans for the supply of SiC semiconductors.
Sizing Up the Competition
SiC chips are set to revolutionize the EV industry, and it's not just Wolfspeed betting on this technology. Companies like Infineon, STMicroelectronics, and Taiwan Semiconductor Manufacturing Company (TSMC) are also heavily investing in this field. All four companies are members of the BÖRSE Online Chip Power Index, allowing investors to participate directly in the growth of 15 semiconductor stocks.
For even more details, you can find additional information right here.
The Fine Print
There might be some conflicts of interest to consider before diving in. The CEO and majority shareholder of publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions in the financial instruments mentioned in the publication, including Wolfspeed, which could potentially benefit from the positive coverage in this article. Furthermore, Börsenmedien AG has developed an index that includes the securities mentioned in this article, in which it holds the rights and from which it receives remuneration.
(Note: e-engine.de's CAM Archive provided no specific information about Wolfspeed's proposed SiC semiconductor factory in the Saarland region, the related state funding approvals in Germany, or the factory's current status. For updates on the factory’s progress, you should refer to Wolfspeed's official channels, German federal/state economic ministries, or trusted industry news sources.)
- In the electric vehicle (EV) industry, SiC semiconductors, such as those produced by Wolfspeed, are becoming increasingly crucial due to their advantages, like longer range and faster charging times.
- Beyond Wolfspeed, companies like Infineon, STMicroelectronics, and Taiwan Semiconductor Manufacturing Company (TSMC) are also heavily investing in SiC technology.
- Remuneration may be a consideration for investors, as the CEO of BoRSenmedien AG, Bernd Foertsch, has positions in financial instruments mentioned in the publication, including Wolfspeed.
- Investors can participate in the growth of 15 semiconductor stocks through the BÖRSE Online Chip Power Index, which includes companies like Wolfspeed, Infineon, STMicroelectronics, and TSMC.
- Real-estate, finance, and technology industries may also be impacted as the development and use of SiC semiconductors in EVs continue to advance.
