Silicon carbide devices are key components for power conversion in electric vehicles (EVs), energy infrastructure, and high-power EV charging stations. The rapid growth in market demand for these products has led to a surge in demand for SiC chips.

Recently, Ansemy announced that the expansion project of its advanced silicon carbide (SiC) ultra large manufacturing plant in Fuchuan, South Korea has been completed. At full load production, the wafer factory will be able to produce over one million 200mm SiC wafers per year.

Ansemy stated that in the foreseeable future, SiC chips will be in short supply, and the expansion of the Fuchuan wafer factory has solved the urgent demand for increased production in the market, enabling it to continue providing supply guarantees to customers. In order to support the increase in SiC production capacity, Ansemy plans to hire up to 1000 local employees in the next three years to fill most high-tech positions; Compared to the current approximately 2300 employees, the number of employees will increase by over 40%.

It is reported that Ansemy has signed no less than 6 long-term supply agreements, including a $1.9 billion 10-year SiC device supply agreement with Vitesco in June, a $1 billion long-term supply agreement with BorgWarner, and a $1.95 billion long-term supply agreement with 8 photovoltaic inverter manufacturers.

In order to meet market demand, the company announced in May that it would invest $2 billion to expand its existing factory scale, with the goal of occupying 40% of the global automotive SiC chip market by 2027.

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