A strategic partnership between onsemi and Innoscience aims to fuse onsemi’s system integration, packaging, and drivers with Innoscience’s GaN wafers and high-volume manufacturing to accelerate GaN adoption across industrial, automotive, telecom, consumer, and AI data-center markets.

The collaboration seeks to build a comprehensive GaN platform by leveraging onsemi’s broad portfolio and Innoscience’s GaN technology and scale, driving broader customer adoption.

By combining integrated systems and packaging expertise with Innoscience’s GaN devices, the partners aim to expand deployment across multiple sectors through scalable manufacturing.

Financial health highlights include trailing twelve months revenue around $6.19 billion with solid margins and a strong balance sheet, though ROIC trails the cost of capital.

Industry risk factors include semiconductor market volatility, indicated by a beta around 2.12, with a 2026 GaN sampling program seen as a potential catalyst.

The company overview notes a market cap near $20 billion and NASDAQ listing, with no current stock price provided in the article.

Analysts project GaN to capture about 11% of the global power semiconductor market by 2030, growing at roughly a 42% CAGR from 2024 to 2030.

The press release contains forward-looking statements and risk disclosures, noting the collaboration is non-binding and referring to the 2024 Form 10-K for risk factors.

Target applications include industrial motor drives, solar microinverters, automotive DC-DC converters, telecom DC-DC converters, consumer power supplies, and AI data-center intermediate bus converters.

GaN devices offer higher switching speeds, smaller form factors, and lower energy losses, addressing past cost and capacity constraints and enabling mainstream, high-volume deployment.

The MoU targets sampling in the first half of 2026 for 40–200V GaN devices, aiming to overcome cost and supply barriers and broaden GaN adoption across industry and data centers.

The collaboration envisions a GaN power device TAM of about $2.9 billion by 2030, with significant value potential for both companies as manufacturing scales globally.