08.15.22
onsemi celebrated the inauguration of its silicon carbide (SiC) facility in Hudson, NH with a ribbon cutting ceremony. Signifying the importance of this event and manufacturing of semiconductors in the U.S. were the attendance of multiple guests of honor, led by U.S. Secretary of Commerce Gina Raimondo. Also present were U.S. Senators Jeanne Shaheen and Maggie Hassan from New Hampshire, Rep.Chris Pappas from the first congressional district of New Hampshire and Rep. Annie Kuster from the second congressional district of New Hampshire as well as other local governmental dignitaries.
The site will increase the company’s SiC boule production capacity by five times year-over-year and almost quadruple the number of its employees in Hudson by the end of 2022. The expansion gives onsemi full control of its silicon carbide manufacturing supply chain, starting with the sourcing of silicon carbide powder and graphite raw material to the delivery of fully packaged SiC devices.
The SiC total addressable market is projected to grow from $2 billion in 2021 to $6.5 billion in 2026, at a compound annual growth rate of 33%.
“In addition to market-leading efficiency of our products, our end-to-end vertically integrated solution in a supply-constrained environment is a compelling and differentiated competitive advantage,” said Simon Keeton, EVP and GM Power Solutions Group at onsemi. “We have already expanded to a second building as we increased our substrate capacity and plan to continue ramping, allowing us to source our own cutting-edge SiC wafers for customer products.”
onsemi is the only large-scale supplier of both SiC and insulated-gate bipolar transistors (IGBT) solutions with end-to-end supply capability. During its second quarter earnings call last week, the company announced $4B billion of committed SiC revenue for the next three years through long-term supply agreements with a broad base of customers. It will triple last year’s silicon carbide revenue in 2022 and exceed $1 billion in revenue in 2023.
The site will increase the company’s SiC boule production capacity by five times year-over-year and almost quadruple the number of its employees in Hudson by the end of 2022. The expansion gives onsemi full control of its silicon carbide manufacturing supply chain, starting with the sourcing of silicon carbide powder and graphite raw material to the delivery of fully packaged SiC devices.
The SiC total addressable market is projected to grow from $2 billion in 2021 to $6.5 billion in 2026, at a compound annual growth rate of 33%.
“In addition to market-leading efficiency of our products, our end-to-end vertically integrated solution in a supply-constrained environment is a compelling and differentiated competitive advantage,” said Simon Keeton, EVP and GM Power Solutions Group at onsemi. “We have already expanded to a second building as we increased our substrate capacity and plan to continue ramping, allowing us to source our own cutting-edge SiC wafers for customer products.”
onsemi is the only large-scale supplier of both SiC and insulated-gate bipolar transistors (IGBT) solutions with end-to-end supply capability. During its second quarter earnings call last week, the company announced $4B billion of committed SiC revenue for the next three years through long-term supply agreements with a broad base of customers. It will triple last year’s silicon carbide revenue in 2022 and exceed $1 billion in revenue in 2023.