SMIC's first half performance is outstanding, SiC MOSFET business grows 300%

Xinlian Integrated Circuit delivered its performance report for the first half of 2024 with outstanding performance. The company's semi-annual operating income was 2.88 billion yuan, a year-on-year increase of 14.27%. Among them, the SiC MOSFET business increased by 300% year-on-year, and the annual silicon carbide business revenue is expected to reach 1 billion yuan. The company is the first leading enterprise in the domestic industry to break through the main drive SiC MOSFET products, and its shipments have ranked first in Asia.