Recently, Yole Group, an internationally well-known research institution released a report titled Power SiC 2023 Market and Technology Report. From the report of Yole Group, it can be seen that rapid growth in the global SiC substrate market has been achieved from 2021 to 2022. The global substrate market reached a size of USD 692 million in 2022.

Yole Group believes that our company’s operating incomes for conductive SiC substrates are expected to reach USD 87.6 million in 2022, accounting for 12.8% of the global total operating incomes, a significant increase over those in 2021. In addition, Yole Group evaluated the market share of domestic SiC substrates. It believes that TanKeBlue’s conductive substrates will take up about 60% of the domestic market share in 2022.

Since 2017, SiC monocrystalline substrate material, as an important material in the third-generation semiconductor field, has ushered in the outbreak of market demand under the dual influence of policy and market. In 2021, SiC semiconductor material was officially included in the national “14th Five-Year Plan”. Taking advantage of the favorable situation of the development of SiC semiconductors, TanKeBlue, which has accumulated and settled in the SiC industry for more than ten years, has finally ushered in rapid development, creating the development performance with a compound annual growth rate of over 90% for six consecutive years from 2017 to 2022.

Since its establishment in 2006, the company has provided a solid domestic material guarantee for the development and progress of the SiC semiconductor industry. By promoting large-scale mass production and empowering the downstream industrial chain, it has significantly reduced the cost of substrate materials, and the market share of SiC is becoming larger and larger.

The company has served more than 500 domestic and foreign customers and sold over 600,000 pieces of conductive SiC substrate materials in total. In the second half of this year, the company’s operating incomes exceeded CNY 1 billion for the first time. As of October this year, the company’s operating incomes have doubled over last year.

In the future, TanKeBlue will be more courageous in innovation, pioneering and enterprising. It will continue to deeply work in the SiC semiconductor material industry, and constantly contribute to the development of China’s third-generation semiconductor industry. Meanwhile, it will insist on deepening international cooperation to expand and strengthen domestic and foreign markets.