YG PRESS NEWS – Power SiC and GaN maintain their growth trajectories…
Power SiC and Power GaN: what has happened since the last quarter?
OUTLINE
- The power GaN market is projected to grow beyond US$2.25 billion by 2029, with a 44% CAGR from 2023 to 2029.
- The power SiC market is expected to exceed US$10B in 2029.
- Over the last six months, more than US$1.6 billion in investments, including M&As and other funding, have been announced in this industry
Results are extracted from the Power SiC/Power GaN Compound Semiconductor Market Monitor, Q3 2024 edition.
Power SiC
- EV/HEV design wins & news
Following Volkswagen’s announcement of the SSP platform for shipment in 2028, onsemi announced an LTA with Volkswagen in July.
- Supply chain
On-going 8” fab constructions: one of the key highlights is the change in Wolfspeed’s plan, as the company announced it would adjust its CapEx planning and postpone the German fab build-up. Read Yole Group’s insights.
- Investment
In September, two Taiwanese foundry players, VIS (Vanguard) and Episil, announced they would team up for an 8” SiC project, targeting to start production by H2-26.
- Product & technology update
In September, Wolfspeed released a 2.3kV SiC module for 1500V DC bus applications.
Power GaN
- M&As, investments & partnerships
In July, GlobalFoundries (GF) acquired the power GaN IP portfolio of Chicago-based fabless firm Tagore Technology Inc.
- Major design wins and announcements
In Q3, Texas Instruments announced a joint innovation lab with Delta Electronics to develop onboard charging and power solutions for EVs.
- Substrates, epitaxy & device process:
At Semicon Taiwan 2024, ShinEtsu demonstrated for the first time 12-inch GaN-on-QST epiwafers… and started sampling. The company already supplies 6-inch and 8-inch sizes, having licensed the technology from Qromis since 2019.
For more information about the power SiC and power GaN industry, feel free to contact us!