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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (6625)	3/5/2023 2:34:23 PM
From: Lou Weed	2 Recommendations Recommended By Sun Tzu towerdog Read Replies (2) \| Respond to of 10487

A few reasons ST. In the pure GaN Power technology realm they are right there in the mix with the top 5 players.....Power Integrations, Innoscience, EPC, GaN Systems. All with 2022 revs in the $23M to $28M range. The only "big boy" that's competing in the market right now is Infineon (2022 revs of $11M). They have now just become the biggest revenue player with the GaN Systems acquisition. The overall GaN Power market revenue in '22 was ~$220M. It's forecast to grow 10x by 2027 to ~$2B (source Yole). NVTS also just acquired pure Silicon Carbide (SiC) play GeneSiC last year that doubles up their revenue to ~$50M. NVTS is now the only pure GaN and SiC play on the market. A wise move IMO as they are now a much more attractive target to one of the big boys that are lagging and/or non-existent in both GaN and SiC technology.....think TI, ADI, NXP. I have the Yole market report but won't paste any info here as my employer paid good $$ to get it! As far as their tech differentiation goes. They fab monolithic devices that contain the high voltage GaN switch in the same package as the lower voltage gate drive. This is a huge advantage in higher switching frequency apps (>1MHz). Proximity of the gate drive to the switching element greatly reduces parasitic inductance which significantly improves device stability and efficiency. They also incorporate loss-less current sensing, over-temp, over-current protection and standby mode in the same package. The competitors require external circuitry for these functions.