Fast chargers for power-hungry mobile phones are among the applications creating opportunities for GaN entrants.
By Adele Hars
What’s at stake?
A new crop of startups like Innoscience and Navitas dominates the soon-to-be billion-dollar power-GaN market. Fast chargers for mobile phones are the drivers, with a 70 percent CAGR. Electric vehicles (EV), renewables and data centers are next – but they’re in the sites of the old guard. Will the upstarts make the transition?