The overall purpose of this paper is the prediction of the ultimate electrical high-frequency performance potential for SiGeC HBTs under the constraints of practical applications. This goal is achieved by utilizing advanced device simulation tools with parameters calibrated to experimental results of most advanced existing technologies. In addition, detailed electrostatic and electrothermal simulations are performed for determining the parasitic capacitances, temperature increase, and safe operating area of aggressively scaled devices. The important figures of merit are then determined from circuit simulation employing an accurate compact model incorporating all relevant physical effects. Based on the vertical profile found in Part I, this paper focuses on achieving a balanced device design by lateral scaling. It is shown that the peak values of (f T , f max ) around (1, 1.5) THz may be achievable. Such a performance limit provides still significant headroom for further developing existing processes and makes SiGeC HBTs well-suitable for highly integrated millimeter-wave applications operating within the low-end of the terahertz gap.