India seeks to become global SiC chip manufacturing hub

India is seeking to become a global SiC chip manufacturing hub and has already made significant progress. SiC chips are popular due to their high efficiency, high temperature resistance and performance in high-voltage applications. Currently, the global SiC market is dominated by a few large companies, such as STMicroelectronics and Infineon. However, with the global demand for SiC chips surging, India has an opportunity to make a breakthrough in this field.