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   Technology StocksCree Inc.

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To: slacker711 who wrote (10335)10/28/2021 7:32:12 AM
From: slacker711
1 Recommendation   of 10618
The single most important comment was that Cree may need to build a 2nd mega fab by the '24/'25 timeframe.

31m mark

"I would envison that even this quantity which we have put in place is maybe not enough and we have to consider to build a 2nd mega fab by '24 '25 timeframe"

During the earnings call, management said that they would consider "opportunistically" raising cash. In my experience, companies don't mention that unless there is a fairly high likelihood of it happening. I think they are preparing for the construction of a 2nd mega fab.

This was mentioned in the spring at a Yole conference (the post I am responding to has the details).

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From: slacker71110/28/2021 4:04:45 PM
2 Recommendations   of 10618
Positively insane day.

I hope everybody enjoys the moment with their beverage of choice tonight :-).

Hamster Dance!

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To: slacker711 who wrote (10462)10/28/2021 6:02:08 PM
From: John Hayman
1 Recommendation   of 10618
Congratulations, what a ride.

I remember that Hamster dance from the old days on Qcom board.


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To: slacker711 who wrote (10460)10/31/2021 1:03:46 PM
From: EvanG
2 Recommendations   of 10618
Finally seeing the acceleration in revenue.

STM had a similar situation to Wolfspeed with respect to Malaysia. They had $100 million in sales impacted, but stated that they never stopped producing wafers at front end fabs. Held them in inventory and expect to catch up on the back end processing during Q4 leading to a large bump in automotive revenue for that quarter. Seems like that scenario could play out for Wolfspeed. Perhaps it will get clarified in any calls that get scheduled.

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From: slacker71111/2/2021 6:59:26 AM
2 Recommendations   of 10618
onsemi has suddenly become a formidable competitor in SiC. They are projecting a revenue run-rate of $1 billion from SiC by the end of '23.

My speculation is that they might have won a design in with Tesla. The ramp is so fast that it is hard to see who else could be awarding these volumes. It seems unlikely that they had $1.5 billion in inverter design wins two years ago.

They are also sampling 200mm devices by the end of January. I'm still skeptical that this will quickly lead to commercial 200mm devices, but we'll see. If it does, they got an absolute steal in GTAT.

As we outlined at our Analyst Day, our goal is to provide our customers in the industrial and automotive end markets with highly differentiated intelligent power and sensing solutions, and we are investing to achieve that goal. With GTAT market-leading silicon carbide substrate technology On Semi is now the only silicon carbide player in the industry with end-to-end capabilities encompassing modules, devices, and substrates. Our acquisition of GTAT has been a catalyst for key automotive customers to engage in long-term strategic partnerships with us, and we can expect GTAT to be a critical enabler of our impending ramp in our silicon carbide business. In fact, in Q4, 2021, we will be shipping silicon carbide product based revenue utilizing the GTAT substrate. I am also excited to announce that GTAT has delivered 200 millimeter bowls, which we have processed at our ON Semi manufacturing facility and we'll be sampling our first devices in January 2022. We welcome the GTAT team to the ON Semi family and look forward to expanding its capacity to support our silicon carbide growth plans. On a year-to-date basis, our power design win funnel grew by 75% year-over-year.

At the end of the Third Quarter, we have signed a LTSA or committed revenue of $2.5 billion over 3 years for our Power Solutions. Over $2 billion of this committed revenue is for our Silicon Carbide solutions for automotive and industrial applications and 2/3 of this committed revenue is for traction inverters for electric vehicles. We expect to exit 2023 with Silicon Carbide revenue run rate, of about $1 billion. The demand of our Intelligent Power and Sensing Solutions in our strategic end markets, continues to outpace our current supply capability. The strength and demand is driven by secular mega trends such as vehicle electrification, ADAS, Industrial Automation, and transition to alternative energy from fossil fuel-based power generation. For the third quarter, automotive and industrial end markets together grew 42% year-over-year.

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To: slacker711 who wrote (10465)11/2/2021 7:03:07 AM
From: slacker711
2 Recommendations   of 10618
BorgWarner won a design for 400V SiC inverters for a European OEM. Covers multiple vehicles starting in '23.

Presumably this is in addition to the 1.1m SiC inverters that they had already targeted to ship in '25. BWA reports tomorrow so we might know more then.

BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
BorgWarner’s 400V SiC inverter brings higher efficiency and power density than previous generations
Enables longer range for battery electric vehicles
BorgWarner announced today that its 400V Silicon Carbide (SiC) inverter has been selected to help power various models of a European OEM’s battery electric vehicles. The inverter features dual-sided cooled power switches, providing a significant breakthrough in support of vehicle electrification and offering OEMs superior operational characteristics such as enhanced driving performance and longer range. Vehicle production with BorgWarner’s SiC inverter is slated for 2023.

“With the global push for vehicle electrification, there is a significantly increased demand for electric vehicle technology that can support higher efficiency in real-world driving,” said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. "This is where our SiC inverter with its dual-sided cooled power switches can make a significant difference. The new technology offers greater power density, reduced switching losses, proven performance, and the long-term reliability they need."

The new SiC inverter design builds on BorgWarner's proven cooling technology to reduce semi-conductor area and SiC material, offering a lighter and smaller system at lower cost compared to other silicon-based inverters. The system features greater durability through its wire-bondless power switch design in which the silicon-isolated gate bipolar transistor power switches have been replaced by SiC metal-oxide-semiconductor field-effect transistor power switches. This delivers up to a 70% reduction in switching losses, offering OEMs improved performance and reduced costs for their electrified propulsion systems.

Where most inverters today rely on silicon as their semiconductor material, performance can suffer at higher voltages. BorgWarner’s SiC inverter provides outstanding results in high-power applications through improved switching efficiency and increased junction temperature capabilities.

This latest business win further supports BorgWarner’s recently announced electrification strategy “Charging Forward,” which outlines an aim for the company’s electric vehicle revenue to grow to approximately 45% by 2030, along with a commitment to achieving carbon neutrality by 2035.

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From: slacker71111/4/2021 6:52:11 AM
2 Recommendations   of 10618
Two more design wins for BorgWarner. They now expect 1.9m BEV inverter shipments in '25.

First, we secured a major award for North American inverter with a global OEM expected to launch in 2024. This high-voltage silicon carbide program is our largest inverter win to-date. This business award also marks the Company's first major win in the North American market. It will also be used in multiple battery-electric vehicle platforms, including [Indiscernible] and trucks. Our product performance, scalability, cost competitiveness, size optimization, and global manufacturing footprint all contributed to securing this business win.

Additionally, we announced a new 800-volt silicon carbide inverter award with a German OEM expected to launch in early 2025. This award expense, our existing 400-volt inverter business with the same German customer, by now adding 800-volt products.

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To: slacker711 who wrote (10467)11/8/2021 3:32:51 PM
From: Sam
   of 10618
iixi will be reporting tomorrow before the open.

II-VI Incorporated Selected by Tianyu as Primary Strategic Partner to Supply Silicon Carbide Substrates for Power Electronics
GLOBENEWSWIRE 8:30 AM ET 11/8/2021

Symbol Last Price Change
63.74 -0.51 (-0.7938%)
QUOTES AS OF 03:30:27 PM ET 11/08/2021

PITTSBURGH and DONGGUAN, China, Nov. 08, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated , a leader in wide-bandgap compound semiconductors, today announced that it has been selected by Dongguan Tianyu Semiconductor Technology Co., Ltd., as its primary strategic partner for supply of 150 mm SiC substrates for power electronics.

The electrification of the transportation infrastructure is driving a market transition to power electronics based on SiC, a third-generation or wide-bandgap semiconductor, which enables power electronics to be smaller, more efficient, and with lower total system-level cost of ownership compared with state-of-the-art silicon-based devices. Tianyu, one of China’s first and largest SiC epitaxial wafer manufacturers, has recognized II-VI as a leading global supplier of high-quality 150 mm SiC with a long history of innovation and ability to achieve scale along with an aggressive 200 mm substrate roadmap.

“We’re excited to support Tianyu’s high-volume requirements for SiC substrates,” said Sohail Khan, Executive Vice President, New Ventures & Wide-Bandgap Electronics Technologies Business Unit. “Tianyu will immediately benefit from our 150 mm SiC global production capacity in the U.S. and in China.”

“II-VI is a world-class supplier of high-quality 150 mm silicon carbide substrates,” said Li Xiguang, GM of Tianyu. “Together, Tianyu and II-VI will provide the high-quality and reliable supply chain and future 200 mm capability that will be critical to support the rapidly growing demand for SiC power electronics in the mega-markets of electric vehicles, renewable energy, smart grids, microgrids, and power supplies for data networks.”

Due to their broad range of applications, power electronics based on SiC have demonstrated their potential to have a highly beneficial impact on the environment via significant reductions in carbon dioxide emissions and energy consumption.

About Dongguan Tianyu Semiconductor Technology Co., Ltd.

Dongguan Tianyu Semiconductor Technology Co., Ltd., is a high-tech enterprise specializing in the R&D, design, manufacturing, and sales of third-generation wide-bandgap semiconductor SiC epitaxial wafers. It has international advanced SiC epitaxial growth, inspection, and analysis equipment, and has built a mature SiC epitaxial R&D and industrialization platform. As a leader of the SiC epitaxial industry, Tianyu’s R&D strength and epitaxial supply capacity are of great significance to promote the R&D of the world’s third-generation wide-bandgap semiconductor materials and devices and the development of related industries. For more information, please visit us at

About II-VI Incorporated(IIVI)

II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, industrial, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at

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From: EvanG11/13/2021 11:39:10 AM
   of 10618
Wolfspeed didn't respond to the semiconductor supply chain questionnaire. Seems strange for a company heavily reliant on subsidies. Responses are at link below but most of it is restricted.

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From: slacker71111/17/2021 8:41:25 AM
2 Recommendations   of 10618
This guidance is worse than I expected. '24 numbers are unchanged from '19 analyst day.

Possibly conservative, but very hard to justify the current valuation with these numbers.\

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