Top EV Semiconductors Companies

The EV semiconductors market is projected to grow from USD 24.09 billion in 2025 to USD 57.48 billion in 2032 at a CAGR of 9.1%. The market is driven by increasing semiconductor content per EV and rising adoption of advanced driver assistance systems in passenger cars. Technological advancements, including wide-bandgap (SiC/GaN) power devices, high-performance microcontrollers, and imaging radar processors, enhance EV efficiency, range, and ADAS capabilities. The growing trend of software-defined vehicles and zonal architectures is boosting demand for high-performance MCUs and memory solutions. At the same time, investments in new fabs, packaging innovations, and wafer technology enable higher yields and reduced cost per chip.

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Key players dominating the EV semiconductors market include Infineon Technology AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments Incorporated (US), and Renesas Electronics Corporation (Japan). These industry leaders develop innovative products, implement expansion strategies, and foster collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing EV semiconductors market. Additionally, organic and inorganic strategies have helped the market players expand globally by offering various EV semiconductor solutions.

Infineon Technologies AG (Germany) is a leading global semiconductor manufacturer with a strong presence in automotive applications. The company provides power electronics, microcontrollers, sensors, and security solutions that support electric powertrain control, battery management, and charging systems in electric vehicles. In March 2025, Infineon announced a new RISC-V automotive microcontroller family under the AURIX brand, enabling real-time control and software-defined vehicle functions, focusing on next-generation EV architectures. In May 2025, Infineon expanded its Dresden fabrication plant, strengthening long-term supply availability for automotive customers. In September 2025, Infineon and ROHM signed a memorandum of understanding to collaborate on selected silicon carbide power semiconductor packages, reinforcing Infineon's strategy to scale silicon carbide adoption in EV power electronics.

STMicroelectronics (Switzerland) is one of the major global semiconductor suppliers serving automotive and industrial markets. The company provides power electronics, microcontrollers, and sensing solutions that support electric powertrain control, battery systems, and vehicle electronics in electric vehicles. In April 2025, STMicroelectronics launched Stellar MCUs with xMemory, an extensible memory platform based on phase change memory, which supports software-defined vehicle development and next-generation EV drivetrain architectures. In May 2025, the company expanded its Lab in Fab collaboration with A STAR IMRE and the National University of Singapore to develop lead-free piezoelectric MEMS devices for sensors and actuators in automotive and industrial systems, strengthening its material innovation focus. In September 2025, STMicroelectronics invested USD 60 million to set up a new ‘Panel Level Packaging’ pilot line in France to improve packaging efficiency for advanced automotive and power semiconductor products.

NXP Semiconductors (Netherlands) specializes in automotive microcontrollers, processors, radar imaging, sensors, and power management ICs tailored for EVs and ADAS. The company provides critical semiconductor solutions that enable efficient motor control, real-time sensing, and software-defined vehicle architectures. In May 2025, NXP launched the S32R47 family of imaging radar processors built on a 16nm FinFET process, delivering up to twice the processing power of previous generations. In March 2025, NXP introduced the S32K5 microcontroller family, the first automotive MCUs in 16nm FinFET with embedded MRAM, extending its CoreRide platform for next-gen zonal and electrification vehicle architectures. Likewise, in June 2025, NXP acquired TTTech Auto, integrating its advanced safety middleware MotionWise with NXP’s CoreRide platform to accelerate software-defined vehicle development. Additionally, in December 2024, NXP and Vanguard International Semiconductor commenced construction of a 300mm wafer fabrication plant in Singapore to increase production capacity for automotive semiconductors.

Texas Instruments Incorporated (US) is one of the largest semiconductor suppliers in the US, providing analog and embedded processing solutions for automotive applications. TI supplies a broad portfolio of automotive chips, including power management ICs, microcontrollers, sensors, and connectivity solutions, which enhance EV charging, motor control, and ADAS-enabled safety systems. In April 2025, Texas Instruments launched a new portfolio of automotive LiDAR, radar, and clock chips to enhance ADAS performance and vehicle safety. Likewise, in  November 2024, the company opened a 9,000-square-meter automated distribution center near Frankfurt, Germany, to strengthen European delivery capabilities. In December 2024, Texas Instruments secured USD 1.6 billion in CHIPS Act funding to support three 300mm fabrication plants under construction in Utah and Texas, expanding its automotive semiconductor production capacity.

Renesas Electronics Corporation (Japan) is one of the leading semiconductor companies in Japan, specializing in microcontrollers, analog, and power devices for automotive and industrial applications. The company supports EV powertrains, battery management, and vehicle electronics with its semiconductor solutions. In April 2024, Renesas began operations at its Kofu Factory in Japan, a dedicated 300-mm wafer fabrication plant for power semiconductors, enhancing its manufacturing capacity for automotive and industrial applications. Likewise, in  November 2024, the company launched new Analog PAK ICs, including the automotive-qualified SLG7004-A and the industry's first programmable 14-bit SAR ADC (SLG47011), which integrates a low-power, multi-channel SAR ADC in a 16-pin QFN package, strengthening its analog and mixed signal offerings for EV and automotive systems.

Market Ranking

The global EV semiconductors market is moderately consolidated, with Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Texas Instruments Incorporated, and Renesas Electronics Corporation collectively accounting for around 50% of the total market share. Infineon leads through a broad portfolio of power electronics, microcontrollers, and SiC solutions, supporting EV powertrains, battery management, and charging infrastructure. STMicroelectronics strengthens its position with advanced MCUs, sensing solutions, and panel-level packaging innovations, targeting software-defined vehicles and next-generation EV architectures. NXP leverages its CoreRide platform, imaging radar processors, and microcontrollers with embedded MRAM to support electrification and ADAS applications across regions. Texas Instruments focuses on analog and embedded processing solutions, including automotive LiDAR, radar, and ADAS chips, backed by strong US and European manufacturing expansion. Renesas maintains a leading role in Japan and globally with microcontrollers, analog, and power devices, supported by dedicated 300mm wafer fabs and innovative analog ICs for EVs.

Related Reports:

EV Semiconductors Market by Technology (Silicon-based, Wide-Bandgap), Propulsion, Application (Battery Management System, Powertrain, ADAS, and more), Component (Power ICs & Modules, MCUs & Processors, Sensors, and more), and Region - Global Forecast to 2032

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