US President Donald Trump’s first-term restrictions on silicon carbide (SiC), intended to limit China’s access to the crucial third-generation semiconductor material under national security concerns, have had an unintended effect: catalyzing unprecedented growth in China’s domestic SiC industry. By the start of Trump’s second term in 2025, Chinese manufacturers had developed capabilities that could fundamentally alter the global SiC landscape.

In its latest earnings call, China’s leading pure-play foundry, SMIC, acknowledged an increase in domestic competition, resulting in a growing supply even as demand begins to recover. The company is aiming to capture a larger share of revenue from the automotive sector, driven by the heightened competitiveness among Chinese automakers.

产业规模方面，合肥力争新能源汽车产业营收规模突破5000亿元、集成电路与新型显示产业集群突破4000亿元、先进光储产业集群突破2000亿元、智能家电（家居）产业规模稳定在千亿元以上。