如果您希望可以时常见面，欢迎标星收藏哦~ 来 源： 内容来自 yolegroup 。 如今，Nvidia，一家甚至不设计或制造功率器件的公司，正在定义未来功率电子器件的特性和功 能。这家 GPU 巨头正在设计下一代 AI 数据中心的动力总成架构。 许多宽带隙 (WBG) 半导体供应商和硅片供应商都在参与其中，愿意投资新技术来满足 Nvidia 的 需求。 英飞凌科技公司系统创新集团负责人 Gerald Deboy将 Nvidia 比作一位大师，指挥"整个世界设计 出一种建设和运营数据中心的新方法"。 Nvidia 邀请的合作伙伴包括英飞凌、MPS、Navitas、罗姆、意法半导体和德州仪器，共同倡导向 800 V 高 压 直 流 (HVDC) 数 据 中 心 电 力 基 础 设 施 过 渡 。 此 外 ， 还 有 台 达 、 Flex Power 、 Lead Wealth、光宝科技、Megmee 等电力系统组件供应商，以及伊顿、施耐德电气和 Vertiv 等数据中 心系统建设公司。 Yole Group 电力电子市场和技术分析师 Hassan Cheaito认为，Nvidia 对 AI 数据中心的推动正在 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 近日，氮化镓（GaN）市场风云再起：台积电正式宣布将在两年内全面退出GaN代工业务； 力积电趁势接下Navitas的订单，填补台积电撤退后的产能缺口；英飞凌则全力推进12英寸 GaN产线进程；瑞萨电子暂停碳化硅（SiC）项目、转而加码GaN；与此同时，ST与英诺赛科 通过战略投资与"锁仓"延长禁售期，进一步深化绑定关系。这一连串动作，正将GaN推向新 一轮的内卷。 GaN凭借更高的开关速度、更低的损耗与更小的尺寸，被视为传统硅器件的"潜在继任者"。在全球 能源转型与高能效驱动的背景下，GaN半导体市场正步入加速成长期。尤其是在亚太、北美、欧洲 等核心市场，相关企业正密集布局，争夺未来制高点。 但在这一轮热度背后，GaN的真正考验正在酝酿——GaN能否从快充、消费电源等边缘应用，迈向 电动汽车主驱系统等高压核心场景？ 尽管台积电正在退出GaN代工，但是另一边英飞凌却正在加大投入。据英飞凌新闻稿称，凭借其强 大的IDM模式，英飞凌正在推进其在300毫米晶圆上的可扩展GaN生产，首批客户样品计划于2025 年第四季度发布。 英飞凌已成为首家在其现有量产基础设施内成功开发30 ...

①AIDC电源架构逐步向800V HVDC和固态变压器（SST）演进，2026年起有望迎来市场爆发"临界 点"，相关企业已进入验证技术、锁定核心客户的关键时期；②SST高度依赖关键的宽禁带半导体器件（Si C、GaN）和特种磁性材料，目前产能主要集中在少数厂商手中，产业链规模化生产能力直接影响SST的 经济性；③高频变压器是SST系统的核心，这些公司凭借在关键子部件上的传统专业优势，有望成为维 谛、台达不可或缺的合作伙伴。 前言 《金牌纪要库》是财联社VIP倾力打造的一款高端会议纪要类产品，结合财联社的媒体资源和行业圈层 优势，为投资者提供全面、深入的市场及行业洞察，以及专业分析和解读。 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 近日，氮化镓（GaN）市场风云再起：台积电正式宣布将在两年内全面退出GaN代工业务；力积电趁势接下Navitas 的订单，填补台积电撤退后的产能缺口；英飞凌则全力推进12英寸GaN产线进程；瑞萨电子暂停碳化硅（SiC）项 目、转而加码GaN；与此同时，ST与英诺赛科通过战略投资与"锁仓"延长禁售期，进一步深化绑定关系。这一连串 动作，正将GaN推向新一轮的内卷。 GaN凭借更高的开关速度、更低的损耗与更小的尺寸，被视为传统硅器件的"潜在继任者"。在全球能源转型与高能效驱动 的背景下，GaN半导体市场正步入加速成长期。尤其是在亚太、北美、欧洲等核心市场，相关企业正密集布局，争夺未来 制高点。 但在这一轮热度背后，GaN的真正考验正在酝酿——GaN能否从快充、消费电源等边缘应用，迈向电动汽车主驱系统等高 压核心场景？ 台积电抽身，力积电接棒 台积电在7月3日发表声明称，决定在两年内逐步淘汰其GaN半导体代工业务，分析师表示，此举是由于来自中国的竞争侵 蚀了该产品的利润率。由于对GaN低利润前景感到担忧，台积电已决定逐步淘汰其GaN业务，并停止200毫米晶圆生产的 研 ...

Core Viewpoint - InnoLux is set to increase its 8-inch GaN production capacity from 13,000 wafers per month to 20,000 wafers per month by the end of the year, with a long-term goal of reaching 70,000 wafers per month in five years [1] Company Summary - InnoLux is a leading manufacturer of GaN integrated devices, covering wafer manufacturing, discrete devices, smart GaN ICs, driver control chips, and GaN power modules [1] - The company emphasizes the growing importance of GaN in consumer electronics, particularly in chargers, and its potential to replace silicon due to its efficiency and compact size [1] - InnoLux plans to focus on the maturity of its 8-inch production line before gradually advancing to 12-inch technology, which is expected to achieve commercialization by 2030 [2] Industry Summary - According to Yole Group, the revenue from GaN in power applications is projected to grow at an annual rate of 36%, reaching approximately $2.5 billion by 2030 [2] - The transition from 8-inch to 12-inch wafers presents challenges, as the output of 12-inch chips is 2.3 times greater, but maintaining stable yields is difficult [2] - InnoLux believes that advancements in its products will lead to significant performance improvements of up to 40% and cost benefits of 30% compared to traditional silicon power semiconductors over the next few years [2]

如果您希望可以时常见面，欢迎标星收藏哦~ 来 源： 内容来自工商时报 。 随 着 AI 算 力 需 求 暴 增 ， 资 料 中 心 电 力 架 构 正 迎 来 十 年 最 大 升 级 ， 英 伟 达 领 军 的 800V 高 压 直 流 （HVDC）技术，预计2027年全面导入兆瓦级AI机柜，将牵动第三代半导体代工版图重组。台积 电（2330）日前宣布两年内逐步退出氮化镓（GaN）市场，其大客户纳微半导体（Navitas）急寻 新来源，多方角力下，台系功率元件、电源管理芯片产业链将迎新竞争格局。 将外部工业用交流电转换为800V直流电，可使相同尺寸导线传输功率增加85％；相较于传统架 构，英伟达800V HVDC，主要差异在于多一道800V直流电降压至54V直流电的程序，法人分析， 该架构需使用高规的耐高压PMIC（电源管理IC），但在个别Compute Tray则沿用原先中低压 PMIC即可。 未来Compute Tray中的Power IC需求将提升，如记忆体电压必须由54伏转到12伏。尽管目前为海 外业者如英飞凌、MPS的天下，但台厂致新（8081）、茂达（6138）持续抢攻，从一般型伺服器 入局，有望 ...

纳微半导体将采用力积电0.18微米制程生产GaN产品 金十数据7月2日讯，纳微半导体今日宣布，与力积电建立战略合作伙伴关系，将采用力积电8寸0.18微 米制程生产氮化镓（GaN）产品。 ...

Group 1 - The core viewpoint highlights that while Chinese mainland wafer foundries are aggressively expanding capacity, Taiwanese manufacturers like TSMC are focusing on advanced processes and maintaining dominance in the global market by securing orders from major clients such as Apple, AMD, NVIDIA, and Qualcomm [1] - TSMC continues to lead in advanced process technology, while other Taiwanese foundries like UMC, GlobalFoundries, and Powerchip are forming alliances with international companies or enhancing niche products to avoid direct price competition with Chinese counterparts [1] - UMC is collaborating with Intel to develop 12nm technology in the U.S. and is considering entering advanced processes with a focus on 6nm technology for producing advanced WiFi, wireless RF, Bluetooth components, AI accelerators, and core processing chips for automotive applications [1] Group 2 - GlobalFoundries has been developing special process applications, focusing on silicon carbide (SiC) and gallium nitride (GaN) technologies, with plans to start mass production of 8-inch SiC wafers by the second half of 2026, targeting industrial control and consumer products initially, and later expanding into electric vehicles, AI data centers, and green energy applications [1] - Powerchip is gradually moving away from low-margin processes and seeking high-value product lines, having initiated the Wafer-on-Wafer (WoW) 3D stacking technology since 2019, particularly suitable for edge AI, automotive electronics, and high-performance computing (HPC) [2] - Motech is clearly positioning itself in the niche application market, focusing on high flexibility and customized orders, thereby strengthening its relationships with automotive and industrial control clients [2]

Investment Rating - The report suggests a strong long-term infrastructure construction demand in the U.S. and recommends focusing on companies like GE Vernova, Siemens Energy, Mitsubishi Heavy Industries, Hitachi, Mitsubishi Electric, and Schneider Electric [5] Core Insights - The report highlights the ongoing negotiations between OpenAI and Microsoft, indicating a mutually beneficial relationship despite some tensions [15] - The U.S. Federal Energy Regulatory Commission (FERC) has introduced a new method for managing transmission system capacity, aiming to release more capacity without costly new construction [18] - The report notes that the average spot price of electricity in major U.S. regions has increased by 12.5% week-on-week, while natural gas prices have also risen significantly due to geopolitical factors and extreme weather [3] - The report emphasizes the importance of small modular reactors (SMR) as a preferred energy solution for AI data centers, especially with the support of the Trump administration [54][55] Summary by Sections Global Infrastructure and Construction Equipment - OpenAI and Microsoft are renegotiating their partnership, with both parties acknowledging the strategic importance of AI infrastructure [15] - The U.S. is expected to invest over 825 billion yuan in grid infrastructure by 2025, maintaining a high level of activity [18] Global Electrical and Intelligent Equipment - The gas turbine price index increased by 5.3% year-on-year in May 2025, indicating a tightening supply-demand relationship [22] - The report anticipates that the U.S. gas turbine market will grow primarily due to the development of AI data centers [25] Global Energy Industry - The average spot price of electricity in the U.S. has risen by 12.5% week-on-week, while natural gas prices have increased by 17.4% [3] - The report mentions that the U.S. is expected to increase its nuclear power capacity significantly by 2029, driven by the demand from data centers [55] Global New Materials - The report states that the actual market price of uranium was $52.17 per pound in April 2025, reflecting a year-on-year decrease of 27.2% [4] Global Defense and Aerospace - The price index for aircraft engines and parts remained stable in May 2025, with a year-on-year increase of 1.7% [4] Key Company Updates - GE Vernova is investing $70 million to build the world's first BWRX-300 SMR engineering and service center near the Darlington new nuclear project site in Ontario [52] - Siemens Canada announced plans to gradually close a factory in Ontario to enhance global competitiveness [52] - ABB has expanded its large robot product line, introducing a compact mobile robot [52]

[Table_Title] 研究报告 Research Report 26 Jun 2025 New Industrials 天然气市场呈现区域分化格局，欧洲气价强势上涨而亚洲维持小幅震荡 Natural gas prices diverge regionally: Europe sees strong gains while Asia remains range-bound 杨斌 Bin Yang 杨钰其 Yuqi Yang 毛琼佩 Olivia Mao bin.yang@htisec.com yq.yang@htisec.com olivia.qp.mao@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 核心观点： 1）全球基建和建筑装备：数据中心：OpenAI 与微软重谈合作关系，Altman 称双方仍高度互利。能源建设：美国： FERC 引入管理美国输电系统容量的新方法；NERC 承认低估了 MISO 区域的资源充足性。欧洲：芬兰数据中心配 ...