Core Insights - InnoSilicon has signed a joint development agreement with STMicroelectronics to develop and manufacture GaN power technology, allowing both companies to utilize each other's manufacturing capacities in different regions [1][2] - The global GaN semiconductor device market is projected to reach $1.68 billion in 2024, with a compound annual growth rate (CAGR) of 21.6% from 2024 to 2029 [1][2] Company Overview - InnoSilicon is the only company globally with a full voltage spectrum product matrix for silicon-based GaN power chips and is the first to mass-produce 8-inch wafers [2][3] - The company has established a strong production base in Suzhou and Zhuhai, and has subsidiaries in global tech hubs like Silicon Valley, Seoul, and Belgium, creating a comprehensive R&D, production, and sales network [2][3] Financial Performance - InnoSilicon reported a sales revenue of RMB 829 million in 2024, a year-on-year increase of 39.8%, with chip deliveries reaching 660 million units [4][5] - The consumer electronics segment saw a revenue increase of 48.0%, while the automotive and AI/data center sectors experienced significant growth, with automotive chip deliveries up 986.7% and AI/data center chip deliveries up 669.8% [5] Production Capacity - The company's wafer production capacity reached 13,000 wafers per month by the end of 2024, with plans to expand to 20,000 wafers per month by 2025 [6] Strategic Partnerships - The collaboration with STMicroelectronics is expected to enhance resource allocation and accelerate global market expansion, solidifying InnoSilicon's position in the GaN market [3][7] - The company aims to establish deep partnerships with leading semiconductor firms by 2025 to further promote GaN technology in the global power market [3][7] Market Position - InnoSilicon holds over one-third of the global GaN power semiconductor market share and collaborates with approximately 140 domestic and international clients across various sectors, including renewable energy, automotive, and data centers [2][5]
与跨国巨头强强联合，英诺赛科全球化布局开启“新篇章”