Contrary market growth! Silan Micro and BYD Power Semiconductor significantly increased market share.

On May 8, 2025, Infineon announced its financial report for the second quarter of the 2025 fiscal year. The data shows that the total global power semiconductor market shrank to $32.3 billion in 2024. However, STMicroelectronics grew against the market, jumping to sixth place globally with a market share of 3.3%, fully demonstrating its technological accumulation and production capacity advantages in the power semiconductor field. BYD ranked seventh globally with a market share of 3.1%. In 2024, only STMicroelectronics and BYD saw an increase in market share compared to 2023 among the top ten companies in the global power semiconductor market. Infineon, ranked first, saw a significant decrease in market share by 2.9 percentage points, while Analog Devices, ranked second, decreased by 0.5 percentage points, and STMicroelectronics, ranked third, decreased by one percentage point. This clearly demonstrates the accelerated process of domestic substitution in power chip production.