Overview
Citi analysts have highlighted three semiconductor manufacturers—Infineon, STMicroelectronics and ON Semiconductor—as the leading suppliers of silicon‑carbide (SiC) components that are expected to see significant uptake in infrastructure and grid‑level power applications such as central rectifiers, high‑density power shelves and solid‑state transformers.
Company Specifics
- Infineon is ranked by Citi as the top SiC supplier, positioned to capture demand for high‑voltage, high‑efficiency power systems in infrastructure projects.
- STMicroelectronics is placed second; the company targets more than $3 billion of cumulative revenue from its semiconductor‑space business over the 2026‑2028 period and plans to decide by the end of the current year on an additional expansion at its Crolles manufacturing facility.
- ON Semiconductor is identified as the third key supplier; Citi has raised its price target for ON Semi to $120 per share, up from $100, and added the stock to its upside Catalyst Watch list, citing growing exposure to data‑center power and SiC‑based infrastructure opportunities.
Market Implications
Citi’s analysis focuses on the role of SiC technology in modernising power infrastructure, emphasizing its superior high‑voltage capability and efficiency compared with conventional silicon devices. Adoption is expected across central rectifiers, high‑density power shelves and solid‑state transformers, which are critical for grid modernization and high‑density power distribution.
Additional Notes
The article was generated with AI assistance and reviewed by an editor; no further regulatory or compliance actions are mentioned.