Gregg Lowe, president of WolfSpeed, said recently that the strong demand for SiC substrates in the first quarter led to a significant increase in orders for 6-inch fab compared with the previous quarter and the same period last year. The company's new 8-inch SiC fab in New York State, USA, has been opened and has begun trial production. With the opening of the new fab, it is estimated that the revenue can be significantly increased in the first half of next year.

In addition, WolfSpeed has also released the possibility of investing in a third new SiC fab. Lowe said that the construction plan of the third factory has become clearer. However, due to market demand, equipment delivery and other factors, the investment progress may be earlier than originally expected, and more details will be given in the second quarter.

According to related reports, the demand for SiC applications is continuing to grow. Last year, WolfSpeed signed a SiC power component supply contract with General Motors, and in the first quarter of this year, it signed a long-term contract with electric vehicle startup Lucid to provide SiC power modules.