As the world"s top six SiC device manufacturers, STMicroelectronics, Infineon, Wolfspeed, Roma, onsemi, Mitsubishi Electric account for 41%, 23%, 15%, 10%, 7%, 3% of the global market respectively, with a combined market share of up to 99%, according to Yole data.

Sanan’s share price jumped 3% on the afternoon session of Wednesday, and continued to surge afterwards. The price closed at 20.27 yuan, up 6.07%.