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-0.00302700714165758 -0.00432658088147088 -0.00192736782335399 -0.00292703993090266 -0.0057261218320391 0.000571812445517816 0.00467046808646755 -2.79908190114411E-05
Stock impact report

onsemi and Innoscience Announce Plans to Collaborate to Speed Global Rollout of GaN Power Portfolio

ON Semiconductor Corporation (ON) 
Last on semiconductor corporation earnings: 2/3 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Summary:onsemi announced it has signed a memorandum of understanding with Innoscience to explore expanding production of gallium nitride (GaN) power devices using Innoscience’s proven 200mm GaN-on-silicon process. The collaboration would combine onsemi’s system integration, drivers, and packaging expertise with Innoscience’s GaN wafers and high-volume manufacturing leadership in an effort to bring cost-effective, energy-efficient solutions to market faster and accelerate GaN adoption. News Highlights: Collaboration would expand onsemi’s low and medium-voltage GaN power portfolio and scale GaN manufacturing worldwide for faster market availability and greater adoption.The non-binding MOU outlines a strategic partnership, including wafer procurement and extended collaboration, leveraging onsemi's GaN power solutions and Innoscience's leading wafer manufacturing to target the projected $2.9 billion total addressable market1 by 2030 for GaN power devices, with the potential value in the Show less Read more
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