The SK Group plans to invest 700 billion won in the silicon carbide (SiC) semiconductor wafer business, and it has become the leader of the world's cutting-edge material market in 2025.

According to Businesskorea, the SK Group's holding company recently said that by 2025 will invest 5.1 trillion won in the field of cutting-edge materials. Among them, 700 billion won for SiC wafer.

It is reported that the SK Group is paying close attention to the electric vehicle SIC power semiconductor market. SK Group predicts that by 2025, the use of SIC semiconductors for electric vehicles will rise from current 30% to more than 60%, and the SiC wafer market will expand from $ 218 million in 2021 to $ 811 million.

In the face of this huge market, SK Group plans to increase the production capacity of SiC wafer from 30,000 pieces of this year to 600,000 pieces of 2025, and increase the global market share to 26%. The company expects that the sales of SiC wafer business will reach 30 billion won, and it is planned to increase sales to 50 billion won by 2025.

The report pointed out that SK Group puts silicon carbide and power semiconductor as new growth motivation, and has been carrying large-scale investment in recent years. Sk Siltron acquired the US DuPont's Silicon Carbaroxysiological Department of $ 450 million in 2019, which entered the field of silicon carbide. In July this year, SK Siltron US subsidiary SK Siltron CSS decided to invest $ 300 million in Michigan, USA. Expand SiC production facilities.

In addition, the SK Group has investing 26.8 billion Western Korea, and the company has acquired 33.6% of the company in this year.