EV Power Semiconductors (SiC / IGBT)

Infineon Technologies Manufacturing (Thailand) opened a new plant in Samut Prakan province on October 1, 2026, with Prime Minister Anutin Charnvirakul presiding over the ceremony, joined by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas. The plant received investment promotion from the BOI with an investment value of over 48 billion baht, covering the production of power control chip systems, integrated circuit and wafer testing, as well as research and development of semiconductor products. The plant is Infineon's third power control chip system production base, following Germany and China, starting with phase 1 and with plans to expand up to 5 phases. If all 5 phases are completed, it will be Infineon's largest assembly and testing production base in the world, with a total cleanroom area of 150,000 square meters, roughly twice the size of the company's current largest plant. Infineon plans to employ more than 5,000 Thai personnel in total, or approximately 1,000 people per phase, while the BOI has set conditions requiring the development of more than 600 Thai personnel in science and technology and the sending of more than 130 Thai personnel for specialized technology training abroad.

United Nova Technology released its third-quarter earnings forecast on the evening of the 28th, expecting revenue of approximately 7.766 billion yuan for the first three quarters of 2026, up about 43.23% year on year, with net profit of approximately 681 million yuan, turning from a loss to a profit compared with the same period last year. In institutional research, the company said it had initiated price adjustments in the third quarter across all product categories including MOSFETs, IGBTs, silicon carbide, and analog chips, with an overall adjustment range of 15% to 25%. The price increases have now been fully implemented across all business segments, with an actual blended implementation rate of about 15%, and the revenue and gross margin elasticity from the price increases will begin to show in the third quarter and be released in the fourth quarter. On capacity, United Nova Technology's monthly production capacity for 8-inch silicon carbide wafers has reached 7,000 wafers, with plans to rapidly expand to 15,000 wafers per month. In addition, the company has fully completed its subscribed capital contribution to the joint venture United Nova Advanced, with cumulative paid-in registered capital of 2.129 billion yuan, and a 25.1% stake making it the largest shareholder. The funds are earmarked for the fourth-phase project of United Nova Advanced, which has a total investment of about 20 billion yuan and a capital base of 12 billion yuan, and is planned to build a 12-inch automotive-grade mixed-signal chip production line with monthly capacity of 50,000 wafers. CSC Financial said United Nova Technology has turned profitable and has moved from scale construction into a profit release channel.

The Board of Investment (BOI) disclosed that Infineon Technologies Manufacturing (Thailand) Co., Ltd. will officially open its new plant on October 1, 2026, in Samut Prakan province. The project has received BOI investment promotion worth more than 48 billion baht, covering Power Module production, semiconductor testing, and the establishment of the company's first large-scale semiconductor product research and development center in Thailand. This plant will be the world's third Power Module production base for Infineon Technologies AG, after Germany and China, to serve the electric vehicle, energy systems, and data center markets. The BOI has set conditions requiring the company to develop more than 600 Thai personnel in science and technology, comprising more than 400 production-line engineers and more than 200 research and development staff, along with sending more than 130 Thai personnel for specialized technology training abroad. The company also plans to cooperate with Thai universities to develop no fewer than 60 semiconductor courses, giving more than 1,100 undergraduate students the opportunity to join research and development training through 680 projects, and to conduct joint research with no fewer than 18 domestic universities and research institutes, as well as developing no fewer than 14 Thai entrepreneurs into the global semiconductor supply chain. It plans to spend no less than 2.8 billion baht on research and development in Thailand. Narit Therdsteerasukdi, Secretary-General of the BOI, said this investment reflects that Thailand is building a more complete semiconductor industrial base, in line with the national semiconductor strategy, which aims to attract no less than 500 billion baht in investment in the first five years and increase it to 2.5 trillion baht by 2050, while targeting industry revenue of more than 5 trillion baht per year and creating no fewer than 230,000 additional high-skilled jobs. Currently, Thailand has about 900 operators in the semiconductor and electronics industry, with more than 336,000 personnel. In the first half of 2026, Thailand exported about 1.6 trillion baht in semiconductor and electronic products, or roughly 26% of total exports. From 2023 to June 2026, there were a total of 879 applications for investment promotion in the semiconductor and advanced electronics group, worth more than 909 billion baht, while the printed circuit board industry had 224 promotion applications worth more than 331 billion baht during the same period.

Galaxy Microelectronics announced that the company intends to invest 1.078 billion yuan using its own or self-raised funds to implement a high-end core device industrialization and innovation capability construction project. The project is a continuation of the company's previously disclosed first-phase plant construction project for a high-end integrated circuit discrete device industrialization base, mainly involving renovation, equipment procurement and installation, production line commissioning, and customer verification based on the first-phase plant. The products involved are power discrete devices and third-generation semiconductor devices that use advanced chip structures such as SGT/SJ, IGBT, and SiC/GaN, have passed high-reliability certifications such as AEC-Q101, and target high-barrier scenarios including new energy vehicles, energy storage, and industrial applications. They mainly include SGTMOS, super-junction MOS, IGBT and modules, SiC devices, IPM modules, and automotive-grade TVS/ESD, distinguishing them from traditional consumer-grade small-signal diodes and ordinary low-voltage planar devices.

Subaru has entered a strategic collaboration with onsemi to evaluate its Embedded Power Platform, a step toward integrating next-generation power architectures into future electric vehicles. Under the partnership, Subaru gains early access to engineering samples and technical expertise as it assesses whether onsemi's power semiconductor integration can deliver scalable, efficient solutions for vehicle electrification. The two companies said the work will explore how a more integrated power system design can improve vehicle performance, efficiency and design flexibility as automakers expand their electrified lineups. The collaboration was announced by onsemi on GlobeNewswire.

onsemi unveiled its Embedded Power Platform, a wafer-level power solution that integrates silicon, silicon carbide and gallium nitride dies to deliver higher power density and system-level co-optimization for AI infrastructure and electrified vehicles, with sampling planned to begin in 2026. The company also announced a technology engagement giving Subaru early access to the platform, a move that highlights how closer co-design around compact, efficient power electronics could influence future electrified vehicle architectures and development timelines. The platform fits onsemi's push to move more of its portfolio into higher-margin, system-level power solutions, coming after Q2 2026 results showed a return to profitability following a large one-off loss, with management guiding Q3 revenue to US$1,650 million to US$1,750 million. The company's narrative projects $9.0 billion in revenue and $2.5 billion in earnings by 2029, requiring 13.0% yearly revenue growth and about a $1.9 billion earnings increase from $630.2 million today. Near-term risks remain, including underutilized fabs and dependence on a still cyclical auto market.

onsemi outlined a long-term growth strategy aimed at capturing a $213 billion total addressable market by 2030 across automotive, industrial, AI data center and emerging applications. The Scottsdale, Arizona-based chipmaker said power density has become the defining engineering constraint as AI, electrification and automation scale, and that it will leverage its power and sensing portfolio to address it. President and CEO Hassane El-Khoury said the company has spent years building expertise across power and sensing to help customers deliver more energy while consuming less space. onsemi highlighted three technology platforms it expects to drive growth: high-voltage technologies spanning silicon, silicon carbide and gallium nitride, including a differentiated vertical gallium nitride offering exclusive to the company; the Treo platform for high-precision analog, high-density digital and high-voltage intelligence; and the Embedded Power Platform, which uses the silicon wafer itself as the package to integrate silicon, SiC and GaN devices in a single wafer-level architecture. The company said the convergence of its end markets around common technology requirements allows it to deploy shared platforms across multiple applications and grow faster than the markets it serves.

MediaTek announced a partnership with Nvidia on Monday backed by a $3.5 billion convertible bond investment, news that pushed MediaTek shares 10% higher on Tuesday and capped a gain of close to 200% for the Taiwanese chipmaker over the course of this year. The deal centers on MediaTek adopting Nvidia's NVLink Fusion platform, which lets hyperscalers and other technology companies build custom AI chips that integrate with Nvidia's data center infrastructure, and the two firms will also collaborate on chips for PCs and automotive platforms. Nvidia founder and CEO Jensen Huang called MediaTek "one of the world's great semiconductor companies," while MediaTek vice chairman and CEO Rick Tsai said the investment strengthens a collaboration spanning cloud AI infrastructure, local AI computing, and automotive. The partnership extends their existing work on Nvidia RTX Spark and DGX Spark chips and AI-powered automotive platforms, and MediaTek has previously collaborated with Nvidia on the GB10 Grace Blackwell Superchip. MediaTek, which leads global smartphone chip sales, disclosed in June that its custom AI chip division is on track to contribute $2 billion to this year's revenue, with the broader opportunity potentially reaching $80 billion by 2027.

Macro Micro Technology released its 2026 interim report on August 28. Supported by its core power semiconductor business, benefiting from downstream demand growth in new energy vehicles, energy storage, and AI computing power, as well as a substantial increase in government subsidies, the company swung to a profit during the reporting period and achieved significant growth, though its non-recurring net profit remained in a loss position. During the reporting period, the company achieved operating revenue of 738 million yuan, up 8.49 percent year on year; net profit attributable to the parent company was 3.99 million yuan, up 33.84 percent year on year; and non-recurring net profit was negative 35.35 million yuan, a sharp year-on-year decline. Net cash flow from operating activities was 210 million yuan, turning positive from negative year on year, mainly due to the receipt of large government subsidies. The company's core products continued to ramp up steadily, with 1050-volt and 1200-volt IGBT and FRD chips adapted for photovoltaic and energy storage applications already in mass production, shipments of automotive-grade silicon carbide modules increasing, and 650-volt gallium nitride chips passing certification with AI data center power supply customers and gradually scaling up. Government subsidies recognized in current profit and loss during the period reached as high as 35.35 million yuan, a key factor in offsetting the core business loss and achieving book profit, while fair value gains from trading financial assets of approximately 11.48 million yuan also provided some support to profit. The company has laid out high-end products such as silicon carbide and gallium nitride and completed certification with some customers, and is expected to benefit from technological iteration, but it needs to guard against risks such as intensifying industry competition, raw material cost fluctuations, and uncertainty over the sustainability of government subsidies.

Qualcomm shares have risen 8.7% since its last earnings report, outperforming the S&P 500, but the company missed third-quarter fiscal 2026 earnings estimates while beating on revenue. Non-GAAP earnings were $2.21 per share, down 20% year over year and slightly below the consensus of $2.22, while revenues of $9.95 billion fell 4% but topped expectations by 2.4%. Handset weakness pressured results, with QCT handset revenues plunging 20% to $5.09 billion, but automotive revenues surged 61% to $1.59 billion, marking the 23rd straight quarter of double-digit growth, and IoT revenues rose 9% to $1.83 billion. Qualcomm raised its fiscal 2026 exit-rate outlook for annualized automotive sales to approximately $7 billion from $6 billion, and completed the $3.1 billion Modular acquisition. For the fourth quarter, the company forecasts revenues of $9.7-$10.5 billion and non-GAAP earnings of $2.05-$2.25 per share, with handset revenues expected around $5.2 billion and automotive revenues projected to rise about 60% year over year. Since the report, the consensus estimate has shifted down 12.97%, and Qualcomm holds a Zacks Rank #3 (Hold).

Roshow Technology disclosed its 2026 semi-annual report, achieving total operating revenue of 1.95 billion yuan, up 11.32 percent year on year, with net profit attributable to shareholders of 115 million yuan and non-GAAP net profit of 109 million yuan. Enameled wire business revenue reached 1.265 billion yuan, accounting for 64.87 percent of total operating revenue, up 30.82 percent year on year, while gross margin improved by 2.13 percentage points to 7.98 percent. The silicon carbide substrate business achieved key breakthroughs in 8-inch conductive and semi-insulating crystal growth technology, with defect density indicators entering the industry's first tier, and successfully developed 12-inch substrates. Related products have achieved stable sales and have been sent to leading domestic customers for testing. Photovoltaic power generation business revenue was 352 million yuan, with a gross margin of 57.05 percent. As of the end of the reporting period, total installed photovoltaic power station capacity was 813,100 kilowatts. The company's first-half research and development investment was 60.802 million yuan, up 29.62 percent year on year, focused on silicon carbide materials, high-end enameled wire, and electrification of aerial work platforms.

The 29th Chengdu International Automobile Exhibition was held from August 21 to 30 at the Western China International Expo City, reflecting the domestic auto industry's departure from years of price-driven involution and its full entry into a new cycle dominated by value competition, with technology popularization and scenario-based segmentation advancing in parallel. Leading independent brands such as BYD, Chery, and Great Wall Motor exhibited with full-brand, full-category product matrices occupying entire halls, while mainstream joint-venture brands including Lexus, Infiniti, Dongfeng Nissan, Yueda Kia, and Dongfeng Honda were collectively absent, and ultra-luxury brands like Rolls-Royce and Bentley also did not appear. Data from the China Passenger Car Association shows that in July 2026, the domestic retail penetration rate of new energy passenger vehicles climbed to 65.1 percent, breaking through the 60 percent threshold on a stable basis for the first time. At this year's show, core technologies previously reserved for million-yuan-level high-end models, such as 800-volt high-voltage fast charging, lidar-based intelligent driving, full-domain chassis control, and silicon carbide oil-cooled electric drive systems, were comprehensively extended to mainstream family models in the 200,000-yuan and 150,000-yuan classes. The new Lynk & Co 20 comes standard with an 800-volt high-voltage platform, 6C ultra-fast charging, a lidar intelligent driving system, and a new-generation 16-in-1 silicon carbide oil-cooled electric drive. Geely Auto launched the Xingrui L Plus and the Boyue L i-HEV lidar version, and SAIC Roewe's Jiayue 07 made its first public appearance. IM Motors officially released its new product strategy, NEXT 2028, built on three core proprietary technology pillars: the NEO three-electric architecture, an aviation-grade safety full-by-wire chassis, and the IM Claw intelligent agent. BYD's second-generation blade battery and full-domain God's Eye intelligent driving system achieved deployment in high-difficulty scenarios such as narrow-space parking and customized parking. Joint-venture brands showed insufficient new product momentum and a slowing transformation pace. The Freelander brand, jointly created by Chery and Jaguar Land Rover, made its debut, and a small number of joint-venture new products such as the Buick GL8 Lushang and SAIC Volkswagen's all-new ID.ERA appeared, but their overall presence and product strength struggled to compete with the intensive technology and product iterations of independent brands.

Yangjie Technology released its 2026 half-year report, with first-half net profit attributable to the parent reaching 771 million yuan, up 28.2% year on year. The company's operating revenue was 4.515 billion yuan, up 30.7% year on year; non-GAAP net profit attributable to the parent was 724 million yuan, up 29.6% year on year; and net operating cash flow was 499 million yuan, down 34.1% year on year. Second-quarter operating revenue was 2.39 billion yuan, up 27.2% year on year, and net profit attributable to the parent was 386 million yuan, up 17.5% year on year. The company said that as demand in the power semiconductor industry continues to grow, especially in areas such as AI data centers, new energy vehicles, and solar-storage-charging, its business has improved significantly, and it has stepped up research, development, and promotion of high-end products such as MOSFETs, IGBTs, and SiC.

The Asia-Pacific automotive 48V systems market is projected to grow from $6.68 billion in 2025 to $29.94 billion by 2035, at a 16.17% CAGR, according to a new report from ResearchAndMarkets.com. Stricter emissions standards, government incentives, and demand for affordable electrification are accelerating 48V mild-hybrid adoption across China, India, Japan, South Korea, and Southeast Asia. These systems deliver 10–15% fuel-efficiency gains and serve as a bridge between conventional engines and full EVs. The report profiles key players including Hitachi, Nidec, and Mitsubishi Electric, and highlights challenges such as high implementation costs, complex system integration, and battery supply chain vulnerabilities.

Naxin Micro disclosed an earnings forecast, expecting a net profit attributable to the parent of about 67 million yuan in the first half of 2026, turning from a loss to a profit year-on-year. Benefiting from multiple factors such as recovering domestic demand, accelerating exports of optical storage and automobiles, and surging demand for AI computing infrastructure, customer demand in downstream sectors including automotive electronics, server power supplies, photovoltaics and energy storage, and industrial automation has grown rapidly, and the company's related product shipments have increased significantly.

ON Semiconductor reported second-quarter revenue of $1.6 billion, a 6% sequential increase driven by accelerated demand in AI data centers, with non-GAAP gross margin expanding 80 basis points to 39.3% and non-GAAP earnings per share rising 16% to $0.74. The company now expects AI data center revenue to more than double in 2026, supported by design wins in the Nvidia MGX ecosystem and Amazon’s AWS power supply platforms, while energy storage systems revenue is forecast to grow approximately 40% year over year. Automotive silicon carbide revenue in China is projected to increase between 60% and 70% in 2026, reflecting market share gains with customers such as Geely Zeekr and Xiaomi. Free cash flow nearly quadrupled year over year to $425 million, and the company returned $332 million to shareholders through share repurchases. For the third quarter, ON Semiconductor guided revenue of $1.65 billion to $1.75 billion, non-GAAP gross margin of 40% to 42%, and non-GAAP earnings per share of $0.81 to $0.93.

Qualcomm signed a long-term deal to supply chips for BMW's future digital cockpit and advanced driver-assistance systems through the next decade. The agreement names Qualcomm as the automaker's lead compute silicon provider for next-generation digital cockpit, ADAS and automated driving systems, spanning the Snapdragon Cockpit, Ride and Elite platforms plus dedicated AI accelerators. No financial terms were disclosed. The deal builds on a partnership that already put the Snapdragon Ride Pilot system into BMW's iX3, and it arrives while Qualcomm is pushing to diversify beyond a shrinking handset business, with automotive revenue up 61% year over year and a $65 billion design-win pipeline.

The global gate driver IC market is projected to grow from USD 1.76 billion in 2025 to USD 2.91 billion by 2035, expanding at a compound annual growth rate of 5.19 percent, according to a report by SNS Insider. High voltage gate driver ICs held a 37.26 percent revenue share in 2025 and are expected to grow at the fastest rate of 5.89 percent, driven by demand in electric vehicles and renewable energy systems. Silicon-based semiconductors dominated with a 61.84 percent share, while the silicon carbide segment is forecast to grow at the highest CAGR of 7.35 percent. Asia Pacific led the market with a 38.76 percent share in 2025, with China as the largest contributor, and North America is expected to record the highest growth rate over the forecast period.

Zacks Investment Research identifies NIO, Mobileye Global, Hesai Group, and Ouster as four stocks poised to benefit from accelerating electric vehicle and autonomous driving adoption. The global EV market saw sales climb 20% year over year to more than 20 million units in 2025, according to the International Energy Agency, with projections of 23 million units in 2026. The autonomous vehicle market is forecast to grow from $3.36 trillion in 2025 to $41.75 trillion by 2034, per Fortune Business Insights. NIO is gaining traction with its expanded lineup including the ES8 and ES9 models and its Onvo and Firefly sub-brands, while Mobileye advances its EyeQ platform and autonomous mobility partnerships with Volkswagen and Stellantis. Hesai expects lidar shipments to nearly double to 3 to 3.5 million units in 2026, and Ouster launched its REV8 native color lidar platform, scaling production through Benchmark Electronics.

Qualcomm's automotive segment was the highlight of the quarter, with revenues growing 61% year-over-year, CFO and COO Akash Palkhiwala said. The company is forecasting another 60% growth next quarter, driven by broad adoption of its automotive solutions across global OEMs. Palkhiwala also highlighted opportunities in AI data centers, where Qualcomm's power-efficient chip technology is attracting hyperscaler interest, and in IoT devices like Meta glasses that use Snapdragon chips for AI capabilities.

SAIC Motor's MG brand officially opened pre-sales for the MG 07 on the evening of July 29, launching five variants with a starting pre-sale price of 125,900 yuan. The vehicle packs premium features such as a CATL battery offering 845 kilometers of range, a semi-solid-state battery with 650 kilometers of range, an 800-volt high-voltage platform, 5C fast charging, the Momenta R7 lidar intelligent driving solution, mCDC intelligent electromagnetic suspension, and a HeatMatrix active-cooling electric motor, bringing technologies previously reserved for luxury models down to the 120,000 to 160,000 yuan market and realizing SAIC's vision of technology equality. The MG 07 comes standard with mCDC intelligent electromagnetic suspension across the lineup, and all but the entry-level variant include an AI preview function that scans for speed bumps and manhole covers in advance and adjusts damping firmness in milliseconds. Its 18-in-1 active-cooling electric drive system, HeatMatrix, integrates thermal management into the motor, enabling unlimited launch control without heat degradation and solving the durability challenge of motor cooling. The car also features a VMC blowout stability control system and the Momenta R7 lidar-based advanced intelligent driving solution, supporting AES automatic evasive steering at 130 kilometers per hour at night. SAIC's nearly 190 billion yuan in R&D investment in intelligent electric technologies and over 24,000 valid patents form a technological moat, with its technology foundation fully entering the 2.0 era. In addition, SAIC is rolling out a pop-up store marketing model for the MG 07, with 100 pop-up stores set to open gradually across 59 cities nationwide, signaling a shift in its marketing approach.

Qualcomm completed its $3.9 billion acquisition of AI-software startup Modular and secured a long-term chip agreement with BMW, sharpening its push beyond smartphones just hours before its earnings report. The Modular deal adds software designed to run AI efficiently across CPUs, GPUs and other accelerators, strengthening Qualcomm's attempt to compete from personal devices to data centres. Qualcomm had agreed to issue up to 19.2 million shares to Modular's owners. The BMW agreement will see Qualcomm supply Snapdragon Digital Chassis technology for next-generation digital cockpits, advanced driver-assistance systems and AI accelerators through the next decade, though financial terms were not disclosed. Qualcomm reports fiscal third-quarter results after Wednesday's close, with analysts expecting roughly $9.7 billion in revenue and adjusted earnings near $2.22 per share.

Qualcomm has signed a long-term deal to supply chips for BMW's future digital cockpit and advanced driver-assistance systems through the next decade. The agreement covers Qualcomm's Snapdragon Digital Chassis solutions, including cockpit processors, automated driving chips, and AI accelerators, which will form the hardware basis for BMW's AI-led platforms. No financial details were disclosed. The deal expands an existing partnership that previously launched the Snapdragon Ride Pilot driver-assistance system in BMW's electric iX3.