智通财经APP获悉，周一，纳微半导体(NVTS.US)股价走高，截至发稿，该股涨超10%，报7.1美元。消 息面上，Meridian基金管理公司ArrowMark Partners发布了旗下"Meridian Contrarian Fund"2025年第二季 度投资者信。信中重点提到纳微半导体，该公司成立于2013年，专注于氮化镓功率芯片的设计与制造， 在高效能能源半导体领域拥有技术优势。过去52周其股价累计上涨152.33%。基金表示，在与英伟达 (NVDA.US)等潜在客户达成技术合作消息推动下，纳微半导体股价表现亮眼。尽管二季度减持部分仓 位进行风险管理，基金仍看好其长期前景。 ...

周一，纳微半导体(NVTS.US)股价走高，截至发稿，该股涨超10%，报7.1美元。消息面上，Meridian基 金管理公司ArrowMark Partners发布了旗下"Meridian Contrarian Fund"2025年第二季度投资者信。信中重 点提到纳微半导体，该公司成立于2013年，专注于氮化镓功率芯片的设计与制造，在高效能能源半导体 领域拥有技术优势。过去52周其股价累计上涨152.33%。基金表示，在与英伟达(NVDA.US)等潜在客户 达成技术合作消息推动下，纳微半导体股价表现亮眼。尽管二季度减持部分仓位进行风险管理，基金仍 看好其长期前景。 ...

Core Viewpoint - Navitas Semiconductor's recent collaboration document has caused significant disruption in the global GaN semiconductor industry, revealing TSMC's plan to exit GaN wafer production by July 2027, while Navitas partners with PSMC to advance 8-inch silicon-based GaN technology mass production [1] Group 1: TSMC's GaN Journey - TSMC has been a key player in the commercialization of GaN technology since 2011, leveraging its CMOS manufacturing experience to develop GaN-on-Si technology [2] - By 2015, TSMC achieved mass production of GaN-on-Si, establishing a comprehensive technology platform across various voltage levels, including 650V, 100V, and 40V [2][3] - TSMC captured 40% of the global GaN wafer foundry market by 2023, establishing a competitive landscape with X-Fab and Episil [3] Group 2: TSMC's Withdrawal - TSMC announced its decision to gradually exit the GaN business over the next two years, citing a reassessment of business priorities and a shift towards higher-margin sectors like AI chips [4][5] - The company’s GaN production capacity was relatively small, with a monthly output of only 3,000-4,000 6-inch wafers, leading to minimal revenue contribution [4] - Increased competition and price wars, particularly from Chinese IDM manufacturers like Innoscience, have pressured TSMC's profit margins in the GaN market [6] Group 3: Supply Chain Risks - Recent export controls on gallium and germanium by the Chinese government have introduced uncertainties in the supply chain, impacting costs for GaN production [7][8] Group 4: Industry Transition - Following TSMC's exit, Navitas Semiconductor plans to transition its production to PSMC, utilizing 8-inch lines to produce GaN-on-Si devices, targeting the 100V to 650V voltage range [12] - Infineon is advancing its 300mm GaN wafer IDM production strategy, aiming to capitalize on the growing demand for GaN semiconductors [13][14] - The shift in the industry landscape may accelerate the transition from "technological breakthroughs" to "scale implementation" in the GaN sector [15]