Infineon has invested 2 billion euros to expand the production of third-generation semiconductors, adding to the strong demand for new energy
Time:2022-02-20
Views:1597
Source: financial Associated Press
Infineon, a leading manufacturer of power semiconductors, announced on Thursday (February 17) that it would invest more than 2 billion euros (about 14.4 billion yuan) to improve its manufacturing capacity in the field of third-generation semiconductors (silicon carbide SiC and gallium nitride GaN).
Infineon said it would build a third plant in curin, Malaysia, to significantly increase production capacity. Once completed, the new plant would generate an additional annual income of 2 billion euros and bring 900 local jobs. The new plant mainly involves key processes such as epitaxial process and wafer cutting, which will start construction in June. It is expected that the first batch of wafers will be offline in the second half of 2024.
What is the concept of an investment of 2 billion euros? Infineon previously revealed that its investment in fiscal year 2022 will be significantly increased to 2.4 billion euros. Now, more than 80% of the bullets are used in the investment of the third generation semiconductor, which means that Infineon is concentrating its firepower and moving deep into the third generation semiconductor industry.
Infineon will also continue to inject capital into its third-generation semiconductor business. It revealed that in the next few years, the 6-inch and 8-inch silicon-based semiconductor production lines in filach, Austria will be transformed into the third generation semiconductor production line.
At present, Infineon has provided SiC products to more than 3000 customers, focusing on industrial power supply, photovoltaic, transportation, drive, automobile and electric vehicle charging. Its goal is that by the middle of this century (around 2025), its power semiconductor products made of silicon carbide will bring its revenue of 1 billion US dollars (about 6.3 billion yuan).
In the middle of last year, Chen Zhixing, associate manager of Infineon Greater China power supply and sensing system division, said in an interview that Infineon expects to have the opportunity to reduce the cost of silicon carbide and gallium nitride to a level similar to that of silicon-based components in three to five years.
The reason why Infineon dares to continuously increase the third-generation semiconductor comes from Infineon‘s high appreciation for the new energy industry. "Technological innovation and the popularization of green electricity are the key to reducing carbon emissions. The global attention to renewable energy and vehicle electrification will become the main driving force of the power semiconductor industry." Said Jochen hanebeck, chief operating officer of Infineon.
Review the performance of Infineon in the last fiscal year (October 2020 September 2021): the annual revenue was 11.06 billion euros, breaking the historical record, with a year-on-year increase of 18.7%; In the fourth quarter, the revenue was 3.16 billion euros, with a year-on-year growth rate of 20%.
Looking forward to fiscal year 2022, the company expects annual revenue of 13 billion euros, floating up and down by 500 million euros. Infineon also revealed that by the end of December 2021, the total value of the company‘s backlog of orders had reached 31 billion euros, more than twice the revenue guidance in 2022 (13 billion euros). Of the 31 billion orders, 80% are expected to be delivered in 2022. The annual production capacity in 2022 is still in short supply, especially in the automotive field.
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