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SiC revenue of nearly 5 billion! The three companies gave an update on their business
Infineon: SiC revenues close to $5 billion
On November 12, Infineon announced its financial results for the fourth quarter and full fiscal year 2024 (ending September 30, 2024) on its official website. According to the financial report, Infineon's revenue in the fourth quarter of the fiscal year 2024 was 3.919 billion euros (about 19.9 billion yuan), and its profit reached 832 million euros (about 6.348 billion yuan), and its revenue in the fiscal year 2024 was 14.955 billion euros (about 114.1 billion yuan), down 8% year-on-year. Profit was 3.105 billion euros (about 23.65 billion yuan), of which silicon carbide revenue was 650 million euros (about 4.96 billion yuan), accounting for about 4.35%.
For the silicon carbide business, Infineon CEO Jochen Hanebeck and others revealed in the earnings conference: in the fiscal year 2024, Infineon maintained strong growth in the silicon carbide field, with revenue of 650 million euros, an increase of more than 30%, in addition, Infineon also reached a major design victory with a large U.S. OEM. From the perspective of the proportion of silicon carbide revenue, the revenue of the automotive sector and the industrial sector accounted for nearly 5:5 in the fiscal year 2024, and it is expected that the growth of silicon carbide revenue of the automotive sector will be higher than that of the industrial sector in the next fiscal year.
In addition, Infineon CEO Jochen Hanebeck also said that at present, in addition to the field of artificial intelligence, their end market growth is weak, cyclical recovery is delayed, inventory adjustment is continuing, short-term ordering patterns and inventory digestion make the visibility of demand trends in the coming quarters blurred. As a result, they are preparing for slower business growth in FY2025.
Nano Semiconductor SiC business enters Al, automotive market
On November 7, Nano Semiconductor announced its financial results for the third quarter of 2024 on its official website. It is understood that total revenue for the quarter was $21.7 million (about 156 million yuan), down 1.36% year over year, and GAAP operating loss was $29 million (about 210 million yuan), an increase of $400,000 (about 0.029 million yuan).
For the silicon carbide and gallium nitride business, Nano Semiconductor revealed in the earnings report: Al Data Center: High-voltage GaNSafe gallium nitride power chips and silicon carbide power devices have been used in more than 60 customer projects, including Delta, Great Wall, Kmicro Technology and Lite-on Technology, and end users include AWS, Azure and Google. Nano started generating data center revenue in the third quarter on schedule and will continue to increase in 2025. In addition, they introduced an 8.5kW AI server power supply reference design with 98% efficiency, which uses an architecture with a hybrid design of high-voltage gallium nitride and silicon carbide.
Notably, Nano also announced a cost-cutting plan that is expected to save $2 million per quarter, which includes reducing the number of employees by 14% (about 45 employees) and accelerating the pace of profitability by simplifying the organizational structure.
Visi Technology: Multiple SiC products are coming soon
On November 6, Visi Technology announced its third quarter results for 2024 on its official website. Revenue for the quarter was $735.4 million, down 13.86% year-over-year, net loss was $19 million, down 128.8% year-over-year, book-to-bill ratio was 0.88, of which the book-to-bill ratio for semiconductors was 0.79, and backlog at the end of the quarter was 4.4 months.
For the silicon carbide business and planning, Vison Technology president and CEO Joel Smejkal and others revealed in the earnings conference call: At present, the commercialization of 1200 V flat gate devices is progressing smoothly, they released two products in the third quarter, and plan to release seven more products in the fourth quarter. In addition, 1200V trench gate devices, 1700 V and 650 V planar gate devices have also advanced, and the first engineering samples have been provided to customers for testing.
Going forward, Vison plans to release 1200V grooved gate SiC MOSFETs in the first quarter of 2025, 1700V flat gate SiC MOSFETs in the second quarter of 2025, and 650 V flat gate SiC MOSFETs in the third quarter of 2025. It is expected to further promote traction inverter projects and on-board charging projects and cooperation. In addition, Vison continues to hold technical meetings with automotive OEM customers to discuss the roadmap for automotive silicon carbide development. In addition, Vison's Newport facility has received silicon carbide equipment and is on track to achieve production plans in early 2026.
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