power semiconductors

Q4 2024 Financial Performance STMicroelectronics (ST) has released its Q4 2024 earnings report, revealing a 22.4% year-over-year decline in sales to $3.32 billion. The company’s gross margin dropped to 37.7%, while operating margin fell to 11.1%. Net income stood at $341 million, reflecting a 68.4% decline compared to the same quarter last year.

Recent updates from three major power semiconductor factories across the globe have captured industry attention. These include Infineon’s new backend factory in Thailand, a $1.6 billion SiC wafer plant investment in India by Indichip and YMTL, and mass production of 6-inch SiC power semiconductors in Japan by Fuji Electric. These developments highlight the rapid growth and strategic importance of the global power semiconductor industry.

The semiconductor sector continues to witness a surge in merger and acquisition activity, fueled by favorable policies like the “New Nine Guidelines,” “Sci-Tech Innovation Board Eight Provisions,” and the “Six M&A Rules.” Cross-industry acquisitions related to semiconductors have become particularly prominent. Recently, two notable transactions were disclosed: Jiangfeng Electronics’ acquisition of a majority stake in Beijing Ruisheng and Youa Group’s plan to acquire full control of Shenzhen Shangyangtong Technology.

In recent months, China's semiconductor industry has achieved significant milestones, with companies like Jingjia Micro, Loongson Technology, Gaoren Semiconductor, Linko Semiconductor, Zhongxin Wafer, Guoxin Technology, and Lanqi Technology making remarkable progress. These advancements span multiple critical semiconductor sectors, including GPUs, MCUs, clock chips, silicon carbide, and gallium oxide.