公众号记得加星标⭐️，第一时间看推送不会错过。 塑造电力电子的未来：GaN 在关键高增长市场的扩张 下一波扩张预计将出现在汽车市场，向电气化和高级驾驶辅助系统的转变正在推动传统功率器件的极限。GaN 器 件如今已广泛应用于 LiDAR 系统，而 GaN 车载充电器 (OBC) 有望成为下一个销量驱动力。非车载直流充电器和 牵引逆变器正随着更多参考设计的出现而日趋成熟。预计汽车和移动出行市场将从 2024 年到 2030 年以 **73% 的惊人复合年增长率（CAGR）**增长。 同样，超大规模数据中心正在寻求能效解决方案来管理不断增长的工作负载。英伟达（NVIDIA）正与领先的宽 禁带芯片制造商合作，将 SiC 和 GaN 技术集成到其 800 V 高压直流（HVDC）电源系统中，这为 GaN 在未来三 到四年内大规模应用于数据中心铺平了道路。GaN 在支持这些架构方面具有独特的优势，它能够实现更高效的电 源转换并腾出宝贵的电路板空间。对于 AI 服务器和网络设备而言，采用 GaN 正成为一种竞争的必需品。加上电 信领域，预计该市场将在 2024 年到 2030 年间以 53% 的显著复合年增长率增长。 来源 ...

| 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 价（%） | | | | 8.90 | 244.93 | 27.52 | 0.00 | 民生证券股份有限公司 | 广发证券股份有限 | | | | | | 苏州分公司 | 公司总部 | 银河微电9月23日大宗交易平台出现一笔成交，成交量8.90万股，成交金额244.93万元，大宗交易成交价 为27.52元。该笔交易的买方营业部为民生证券股份有限公司苏州分公司，卖方营业部为广发证券股份 有限公司总部。 进一步统计，近3个月内该股累计发生5笔大宗交易，合计成交金额为1702.08万元。 证券时报·数据宝统计显示，银河微电今日收盘价为27.52元，下跌2.06%，日换手率为3.75%，成交额为 1.31亿元，全天主力资金净流出1516.31万元，近5日该股累计下跌1.85%，近5日资金合计净流出330.08 万元。 两融数据显示，该股最新融资余额为1.08亿元，近5日增加1184.94万元，增幅为12 ...

Core Viewpoint - The company, JieJie Microelectronics, is a leading player in the thyristor sector, experiencing strong growth in MOSFET product volume and expanding its IDM model across multiple products, which provides a solid foundation for stable operations [1] Group 1 - The company is recognized as a leader in the thyristor field [1] - There is a significant increase in the volume of MOSFET products, indicating robust development momentum [1] - The IDM model is gradually expanding to various products, enhancing operational stability [1] Group 2 - The company is increasing its investment in research and development [1] - Efforts are being made to optimize production processes [1] - The company aims to expand application fields to achieve domestic substitution goals [1]

Group 1 - The company has sufficient orders on hand and does not plan to expand its factory at this time [2]

Group 1 - The core point of the news is that Taiji Co., Ltd. experienced a decline of 5.02% in its stock price, reaching 41.05 yuan per share, with a trading volume of 612 million yuan and a turnover rate of 6.17%, resulting in a total market capitalization of 9.71 billion yuan [1] - Taiji Co., Ltd. is based in Xiangyang, Hubei Province, and was established on January 2, 2004, with its listing date on January 20, 2010. The company specializes in the research, development, manufacturing, sales, and service of high-power semiconductor devices and their power components [1] - The main business revenue composition of Taiji Co., Ltd. includes modules at 44.19%, thyristors at 42.65%, and other products at 13.16% [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Jiashi Fund has a significant position in Taiji Co., Ltd. The Jiashi CSI 2000 ETF (159535) held 1,300 shares in the second quarter, accounting for 0.28% of the fund's net value, ranking as the seventh largest holding [2] - The Jiashi CSI 2000 ETF (159535) was established on September 14, 2023, with a latest scale of 20.5767 million. Year-to-date, it has achieved a return of 34.49%, ranking 1161 out of 4222 in its category; over the past year, it has returned 75.74%, ranking 857 out of 3781; and since its inception, it has returned 40.56% [2] - The fund manager of Jiashi CSI 2000 ETF (159535) is Li Zhi, who has been in the position for 7 years and 253 days, managing total assets of 18.361 billion yuan. During his tenure, the best fund return was 82.77%, while the worst was -50.62% [2]

Core Viewpoint - The company is focusing on the automotive electronics sector as a key area for future development, with nearly 200 types of automotive-grade MOSFET products available for selection [1] Group 1: Product Development - The company has mass-produced over 100 types of automotive-grade MOSFETs, with the JMSHO40SAGQ model standing out due to its proprietary JSFET chip, full copper frame, and jumper packaging technology [1] - The JMSHO40SAGQ model meets the stringent standards of the automotive industry and has been recognized for its long-term reliability, packaging size, power, and performance [1] Group 2: Market Application - The automotive-grade MOSFET products are widely used in steering, fuel, lubrication, and cooling systems by major domestic tier-1 automotive component suppliers [1] - Key customers in the automotive sector include companies such as Roswell, Honeywell, Dongfeng Technology, Etek, Kossida, BYD, Sanhua, Huayu, and Nidec [1]

Group 1 - The company announced a revenue of 3.455 billion yuan for the first half of 2025, representing a year-on-year growth of 20.58% [1] - The net profit for the same period reached 601 million yuan, showing a year-on-year increase of 41.55% [1] - The board of directors approved a profit distribution plan, proposing a cash dividend of 4.2 yuan per 10 shares (including tax) to all shareholders, with no bonus shares issued [1]

Core Viewpoint - Sanan Optoelectronics is rapidly advancing its SiC MOSFET production capabilities, targeting both data center and AI server markets, while also making significant strides in the electric vehicle sector [1][2]. Group 1: SiC MOSFET Production and Supply - Hunan Sanan has begun bulk supply of SiC MOSFET products to major clients such as Delta, Lite-On, Great Wall, and Vertiv, indicating strong demand in data centers and AI servers [1]. - The first phase of Hunan Sanan's project has achieved an annual production capacity of 250,000 6-inch SiC wafers, with the second phase expected to start production in Q3 2023, aiming to increase total capacity to 480,000 wafers annually [1]. - The production capacity utilization rate is gradually increasing in response to rising customer demand, with additional capacity being developed in Chongqing Sanan [1]. Group 2: Electric Vehicle Sector Progress - In the electric vehicle sector, Sanan Optoelectronics' automotive-grade SiC MOSFETs are in the reliability verification stage with key customers, including a joint venture with Li Auto [2]. - The first production line of the joint venture has completed its commissioning, with full bridge power modules already delivered, and mass production expected by 2025 [2]. - The company is strategically partnering with leading automotive manufacturers to capture market share during the anticipated boom in the domestic SiC market around 2025 [2]. Group 3: Industry Context and Competitive Landscape - Hunan Province has prioritized semiconductor industry development, with several electronic information projects receiving significant policy support [2]. - Despite Sanan Optoelectronics' advancements, international giants like Wolfspeed and STMicroelectronics still dominate the global market, necessitating continuous improvement in production yield and cost reduction [2]. - The SiC market is projected to experience a decade of growth driven by increased penetration of new energy vehicles and expansion of computing infrastructure, with Sanan's vertical integration capabilities being a key competitive advantage [2].

Core Viewpoint - Galaxy Microelectronics (688689.SH) is actively engaged in the development and application of various semiconductor products, focusing on power devices and their integration into emerging markets such as robotics and low-altitude economy [1] Product Range - The company's product portfolio includes power device chips, MOSFETs, IGBTs, SiC devices, GaN devices, protection devices, rectifiers, small signal devices, optoelectronic devices, and analog ICs [1] - These products are widely used in automotive electronics, energy power, industrial control, smart home, network communication, computers, and peripheral devices [1] Market Focus - The company has shown a keen interest in the robotics and low-altitude economy sectors, indicating that its power devices, such as high-voltage MOS and silicon carbide components, are essential for robotics power supply and joint movements [1] - In the low-altitude economy, products like MOSFETs are utilized in drone power modules and motor drives, highlighting the company's commitment to market research and technological exploration in these areas [1]

Core Viewpoint - Galaxy Microelectronics (688689.SH) is actively engaged in the development and application of various semiconductor products, focusing on power devices and their integration into emerging markets such as robotics and low-altitude economy [1] Product Range - The company's product portfolio includes power device chips, MOSFETs, IGBTs, SiC devices, GaN devices, protection devices, rectifiers, small signal devices, optoelectronic devices, and analog ICs [1] - These products are widely used in sectors such as automotive electronics, energy power, industrial control, smart home, network communication, and computer peripherals [1] Market Applications - In the robotics sector, high-voltage MOS and silicon carbide power devices are utilized for power supply, while MOSFETs are employed in robotic joints [1] - In the low-altitude economy, drones utilize MOSFETs in power modules and motor drives [1] Market Focus - The company has been closely monitoring the robotics and low-altitude economy markets, conducting market research and exploring technological pathways in recent years [1]