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Vehicle electrification trend to drive adoption of gallium nitride devices

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AutotechInsight Analysis Monthly

IHS Markit forecasts a significant y/y growth in GaN transistor revenues over the next decade, primarily due to its efficiency over conventional devices based on silicon, and the growth of vehicle electrification market

The rise in connected and autonomous services along with the growth in the number of EVs has led to the adoption of various new technologies in the automotive industry over the last decade.

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