China's silicon carbide production capacity continues to expand, and prices plummet

According to statistics, over the past two years, the share price of Wolfspeed, a leading silicon carbide manufacturer, has fallen from $139 per share at the end of 2021 to $25 per share in May 2024. The share price of Qorvo, a major manufacturer of gallium nitride for communications, has also fallen from a high of $191 per share in July 2021 to $95 per share in May 2024.