Tianyue Advanced: A leader in the silicon carbide substrate market

Tianyue Advanced, founded in 2010, focuses on silicon carbide substrate products, and its technology comes from the research team of Shandong University. According to Yole data, in the first half of 2020, Tianyue Advanced's semi-insulating silicon carbide substrates had a global market share of about 30%, ranking third. In 2022, its conductive silicon carbide substrate sales increased by more than 30 times, ranking sixth in the world. In 2023, the company successfully adjusted its main products from semi-insulating to conductive to meet the needs of the power semiconductor market. It is expected that the total production capacity will reach 250,000 pieces per year by the end of 2023, a significant increase from 67,000 pieces per year in 2022. In 2023, the company adjusted its main products from semi-insulating to conductive to meet the needs of the power semiconductor market. The production capacity of the Jinan factory has shifted from semi-insulating to conductive, and the production capacity of the Shanghai Lingang factory has increased. It is expected that the total production capacity will reach 250,000 pieces per year by the end of 2023, a significant increase from 67,000 pieces per year in 2022. In addition, Tianyue Advanced originally planned to reach full production at the Shanghai Lingang factory in 2026, but the latest information shows that it may be advanced to 2025, when the annual production capacity may exceed 300,000 pieces. In May 2023, Tianyue Advanced signed a new substrate and crystal rod supply agreement with Infineon. Infineon said that the supply under the agreement will account for a double-digit share of its demand in the long term.