Domestic power semiconductor companies' performance soared

Due to the surge in demand, but the price and profit increases caused by limited supply, the performance of domestic IGBT companies is outstanding. For example, Star Semiconductor achieved revenue of 1.707 billion yuan in 2021, a year-on-year increase of 77.22%, and net profit increased by 120.49% year-on-year. BYD ranks second among global manufacturers of IGBT modules for motor drive controllers of new energy passenger vehicles in China, with a market share of 19%.