We investigated the effect of ozone (O3) oxidation of silicon carbide (SiC) on the flat-band voltage (V
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) stability of SiC metal-oxide-semiconductor (MOS) capacitors. SiC MOS capacitors were produced by O3 oxidation, and their V
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stability under frequency variation, temperature variation and bias temperature stress was evaluated. Secondary ion mass spectroscopy (SIMS), atomic force microscopy (AFM) and X-ray photoelectron spectroscopy (XPS) indicated that O3 oxidation can adjust the element distribution near SiC/SiO2 interface, improve SiC/SiO2 interface morphology and inhibit the formation of near-interface defects, respectively. In addition, we elaborated the underlying mechanism through which O3 oxidation improves the V
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stability of SiC MOS capacitors by using the measurement results and O3 oxidation kinetics.