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Global market share rankings for power semiconductors published by Nikkei

Friday, March 6, 2026 at 08:10 PM

A report highlighting the global market share rankings for power semiconductors, citing data from Nikkei.

Context

Recent global market rankings published by Nikkei highlight a shifting landscape in the power semiconductor sector, traditionally dominated by Japanese firms like Mitsubishi Electric, Fuji Electric, and Toshiba. While Infineon, onsemi, and STMicroelectronics remain top global contenders, the Japanese government is pushing a massive 40 trillion yen ($253.53 billion) sales target for domestic chips by 2040 to reclaim its historical market share. This strategic pivot comes as Japanese leaders face a narrowing technology lead, now estimated at only one to three years over rapidly advancing Chinese rivals. The competitive pressure is intensifying due to the rise of Chinese firms like TanKeBlue and SICC, who are leveraging lower energy costs to gain significant share in the SiC substrate and wafer markets. Despite the Japanese sector's fragmentation, with major players often holding less than 5% individual global share, the market for power electronics remains a high-growth priority. Driven by AI data centers and EV demand, the global power semiconductor market is projected to reach $97.1 billion by 2033, making supply chain consolidation and next-generation material leadership critical for Western and Japanese incumbents.