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Power semiconductors, and wide bandgap semiconductors in particular, are critical to the world’s attempts to meet its sustainability goals.
More SiC and GaN semiconductors are being deployed in equipment such as wind turbines, photovoltaic inverters, motor drives, and electric and hybrid vehicles. The market for them is now growing significantly faster than the market for silicon power semiconductors. We expect revenue will continue to increase, from 3% of the power semiconductor market in 2022 to 13.1% in 2027.
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