2025-09-19
The rise of the domestic SiC chip market: Sanan Optoelectronics leads the new trend in the industry
The domestic silicon carbide (SiC) market has seen a significant breakthrough, with huge shipments demonstrating industry prosperity. On the evening of November 7th, Sanan Optoelectronics, a leading compound semiconductor company with a market value of over 90 billion yuan, announced that its third-generation semiconductor material SiC chip has been successfully shipped. Hunan Sanan, as a wholly-owned subsidiary of Sanan Optoelectronics, recently signed a strategic procurement intention agreement worth up to 3.8 billion yuan with a new energy vehicle customer. According to the agreement, the client will ensure the annual procurement of silicon carbide chips from Hunan Sanan from 2024 to 2027, and negotiate with Hunan Sanan for any excess. Based on market prices in 2022 and research and development needs in 2023, it is expected that the total procurement amount will reach 3.8 billion yuan (including tax) by 2027. This important breakthrough not only demonstrates the prosperity of the SiC market, but also indicates the accelerated promotion of domestic substitution in the semiconductor field.
