1. Apart from Renesas Electronics, numerous power semiconductor manufacturers have announced price increases since 2026, undergoing multiple rounds of adjustments that cover both overseas leaders and major domestic players; 2. Currently, lead times for mainstream power semiconductors have generally extended to over 30 weeks; 3. Institutions predict that power semiconductor devices may see further price hikes in the second half of 2026.
Shanghai Securities News (Star Market Daily), September 10 (Editor: Song Ziqiao) – Power semiconductor giant Renesas Electronics announced an adjustment to its product pricing structure, with new prices taking effect on January 1, 2027. The company had previously issued a price increase notice in March this year, which took effect on July 1. In this latest announcement, Renesas noted that the industry continues to face structural cost increases in areas such as raw materials, energy, advanced packaging, manufacturing capacity, and global logistics.
Power semiconductors are core components for power conversion and circuit control, widely used in the field of power electronics. In recent years, the construction of AI data centers has triggered a surge in demand for power chips related to power supply control and rack power distribution.
According to incomplete statistics by Shanghai Securities News (Star Market Daily), apart from Renesas Electronics, numerous power semiconductor manufacturers have announced price increases since 2026, undergoing multiple rounds of adjustments that cover both overseas leaders and major domestic players.
Internationally, the first round of price adjustments by global leader Infineon Technologies covered power switches and related chips, with increases ranging from 5% to 15%, effective April 1. On May 26, Infineon issued another price adjustment notice to customers, effective July 1. Another leading manufacturer, Texas Instruments, initiated its fourth round of price increases since 2025 on July 1.
Domestically, CR Micro and Silan Micro were the first to announce price hikes in the first quarter of this year, followed by JieJie Microelectronics, NCE Power, and Hongwei Technology. In the second round of price increases, CR Micro raised prices across all categories by more than 15% starting July 1, while Silan Micro also adjusted its prices upward by more than 15% on the same day. Yangjie Technology increased prices for its entire product series by 10% to 15%, and StarPower Semiconductor raised prices for IGBT and Silicon Carbide (SiC) MOSFET modules by more than 15%.
Additionally, **** manufacturers (such as Panjit and Taiwan Semiconductor) plan to raise spot market prices by another 10%-15% in October.
Hongwei Technology recently stated during institutional surveys that the price increases were mainly driven by rising upstream raw material costs and tight company production capacity.
CR Micro expects that the positive effects of the price increases will become more apparent in the third quarter. The market supply and demand are projected to remain tight in the second half of the year. With a robust order backlog, the company maintains a positive outlook on future product pricing.
Bank of America believes that the cycle for China's power semiconductor industry is entering a more constructive phase, primarily based on two factors: First, AI-related applications (including AI Data Centers [AIDC] and AI servers) are driving improved growth prospects; Second, supply chain constraints are tightening, particularly for low-voltage and medium-voltage power semiconductors such as MOSFETs, thereby creating opportunities for gross margin expansion through price increases.
The bank expects further price increases for power semiconductor devices in the second half of 2026, which would serve as an additional catalyst for sector-wide valuation re-rating. This is because new capacity additions for low- and medium-voltage power semiconductors—including MOSFETs—are limited, and global suppliers appear to be reallocating capacity toward higher-value AI/AIDC applications, thereby further tightening supply for traditional industrial customers. Among Chinese power semiconductor manufacturers, the bank anticipates that companies with greater revenue exposure to low- and medium-voltage power semiconductors—such as MOSFETs and small-signal devices—will benefit more substantially from the supply shortage.
Guosen Securities stated that the performance of domestic power semiconductor companies entered an improvement phase in 2Q26, with inventory turnover days declining further. On the demand side, data centers and energy storage continued to accelerate growth, while the advancement of automotive intelligence and power systems drove increased usage of power devices. Specifically, in the data center sector, exponential growth in electricity consumption has accelerated demand for power devices, creating incremental opportunities for SiC and GaN technologies.
The firm further noted that as the dividends from electric vehicle components are realized, industry growth is primarily driven by incremental opportunities in automobiles, data centers, and energy storage. Capacity expansion is returning to rationality, with product offerings evolving from standalone power semiconductors toward integrated solutions combining power, analog, and MCU technologies. Market coverage is gradually expanding from domestic markets to overseas regions.