Status of the Power Electronics Industry 2020 Market and Technology Report 2020

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• Glossary 2 o Discrete packaging materials market • Table of contents 3 o Inverter market • Objectives of the report 5 • Market trends 104 • Scope of the report 6 o Market trends, by market • About the authors 7 o EV, rail, charging infrastructure, PV, wind, UPS, computing, power • Methodology and definitions 8 supply, motor drives, consumer, home appliances, telecom, energy • Companies cited in this report 19 storage • What we got right, what we got wrong 20 o Focus on fab capacity • Three page summary 21 • Market share and supply chain 144 • Executive summary 25 o Key power electronics players • Context 61 o Power electronics landscape o Power electronic applications – Main drivers o Supply chain analysis o Driving applications - Historical perspective o Power device revenue rankings o Key application markets for power devices o Silicon wafer landscape and market share o Power device technologies o Power MOSFET market share o Discrete and module IGBT market share • Market forecasts 75 o Packaging supply chain and players (including main materials players) o Overall power electronics market o Li-ion battery supply chain o Wafer market forecast • Supply chain reshaping o Power device market o Power electronics supply chain development o Power MOSFET market o EV/HEV reshaping the automotive supply chain o Power IGBT market o Focus on power modules o SiC and GaN market share o New entrants into power module markets o Global discrete market share o Packaging players: discrete power devices vs. power modules o IGBT module market o Focus on power module packaging o Global module market and share o Si vs. SiC vs. GaN Status of the Power Electronics Industry 2020 | Sample | www.yole.fr | ©2020 2 TABLE OF CONTENTS Part 2/2

• Mergers and acquisitions 165 • Technology trends 198 o Wafer, device, module and system levels o Challenges, main requirements, and innovation axes o Other power electronics components, passives, materials, batteries, etc. o Towards more integration o EV/HEV partnerships and joint ventures o Choice of semiconductor materials and new device designs o Danfoss - enlarging business competencies and ensuring supply chain o Power device packaging o Mergers and acquisitions in railway o Discrete, module, packaging trends, integration o ADI to acquire Maxim Integrated to strength its business o Wide Bandgap o Diodes Incorporated to acquire Lite-On Semiconductor Corporation o Highlights, commercial devices, SiC inverters, passive needs for o Infineon - enlarging product portfolio WBG, SiC and GaN packaging solutions o EV charging solutions • COVID-19 crisis’s impact on the power electronics industry 176 o Different EV charging solutions, fast charging challenges, trends o A concomitance with potentially worsening factors toward high power charging, bidirectional charging solutions for o Impact of COVID-19 on our forecasts V2G and V2H o COVID-19’s impact on customers’ thinking o Batteries and power electronics o COVID-19’s impact on power electronics supply chain o Batteries for EVs, other driving applications o COVID-19’s impact on companies’ revenues o 800V vehicles and their impact on power electronics o Geographic supply chain re-organization o Toward 1,500V DC in stationary battery packs o Where are the opportunities for power electronics players? • Focus on China 186 o Different approaches to increase driving range in electric vehicles o What does the future hold for China? o Different market segments, varying governmental influence • Take-away and outlook 277 o Focus on China: application level o Conclusions/take-aways o China’s “gap” is tied to power semiconductor devices o Things to watch closely in the future o Focus on BYD o IGBT players in China • Related reports 283 o MOSFET player status in China • Yole corporate presentation 284

Ana Villamor, PhD., Technology & Market Analyst, Power Electronics Ana Villamor, PhD serves as a Technology & Market Analyst, Power Electronics & Compound Semiconductors within the Power & Wireless division at Yole Développement (Yole). She is involved in many custom studies and reports focused on emerging power electronics technologies at Yole Développement, including device technology and reliability analysis (MOSFET, IGBT, HEMT, etc). In addition, Ana is leading the quarterly power management market updates released in 2017. Previously Ana was involved in a high-added value collaboration related to SJ Power MOSFETs, within the CNM research center for the leading power electronic company ON Semiconductor. During this partnership and after two years as Silicon Development Engineer, she acquired a relevant technical expertise and a deep knowledge of the power electronic industry. Ana is author and co-author of several papers as well as a patent. She holds an Electronics Engineering degree completed by a Master and PhD. in micro and nano electronics from Universitat Autonoma de Barcelona (SP). Contact: [email protected]

Milan Rosina, PhD., Principal Analyst , Power Electronics & Batteries Milan Rosina, PhD, is Principal Analyst, Power Electronics and Batteries, at Yole Développement (Yole), within the Power & Wireless division. He is engaged in the development of the market, technology and strategic analyses dedicated to innovative materials, devices and systems. His main areas of interest are EV/HEV, renewable energy, power electronic packaging and batteries. Milan has 20 years of scientific, industrial and managerial experience involving equipment and process development, due diligence, technology, and market surveys in the fields of renewable energies, EV/HEV, energy storage, batteries, power electronics, thermal management, and innovative materials and devices. He received his PhD degree from Grenoble Institute of Technology (Grenoble INP) in France. Milan Rosina previously worked for the Institute of Electrical Engineering in Slovakia, Centrotherm in Germany, Fraunhofer IWS in Germany, CEA LETI in France, and utility company ENGIE in France. Contact: [email protected]

Abdoulaye Ly, Technology & Market Analyst Abdoulaye Ly is a Technology & Market Analyst specializing in Electronic Power Systems at Yole Développement (Yole). As part of the Power Electronics & Wireless division at Yole, Abdoulaye’s expertise is focused on power electronics system design. Prior to Yole, Abdoulaye served as an electrical engineer and power electronics system engineer at Centum Adetel Transportation Solution for 3 years, where he was in charge of converter design. He also performed simulations for catenary free tramways, tested qualifying Auxiliary Power Supplies (APS) for railway applications and managed a team developing a new battery cooling system. Abdoulaye graduated with a technical degree in 2014 from Bethune University Institute of Technology and in 2017 received an electrical engineering degree from Grenoble Institute of Technology. Contact: [email protected]

This report focuses on silicon Power wafers and devices. However, our power market figures: • include SiC and GaN forecasts. • do not include power SiC wafer Silicon wafer management ICs. These are available in a dedicated report published in Nov 2019.

Note that our MOSFET figures only SiC Silicon GaN include silicon substrate MOSFETs, since Yole offers a dedicated report • Diodes - discrete or • Diodes - discrete or rectifier • HEMTs - with comprehensive coverage of the bridge SiC substrate, including MOSFETs. hybrid module discrete, • MOSFETs - discrete or • MOSFETs - discrete or module SiP, SoC On the pages of this report that module • IGBTs - discrete or module contain forecasts, a • Thyristors - discrete corresponding legend indicates • Bipolars - discrete or module the specific information Focus of this report included. • Power management ICs

Efficiency Power Green - clean, renewable and high power conversion efficiency electronics devices, systems and applications are getting stronger, greener, smarter and more connected and integrated. Smart and interconnected Power generation → Energy solutions for smart buildings and cities

Battery-powered cordless end- Increasing system power and system ‘batteryfication’ power semiconductor content Product → Service per system Status of the Power Electronics Industry 2020 | Sample | www.yole.fr | ©2020 6 DRIVING APPLICATIONS - HISTORICAL PERSPECTIVE

1970 … 2000 2010 2020 2030 Time

We should not forget Industrial applications about other Today, the applications which automotive represent significant segment, especially demand and have EVs/HEVs, Renewables some specific drives both requirements. technological Photovoltaic inverters, wind converters development and market Strong demand. synergies with other Automotive incl. EVs/HEVs segments EV/HEV inverter, boost converter, DC-DC converter, 48V converter, on-board charger, etc.

Renewable energy, stationary battery energy storage, charging infrastructure etc.

Status of the Power Electronics Industry 2020 | Sample | www.yole.fr | ©2020 11 FAB INCREASE - DEVELOPMENT TIMELINE 200mm fab expansion 1.5x; 200 and 300mm fab expansion considering 300mm fab *non-exhaustive list Expected Investment Envisaged readiness of the Power MOSFET in 300mm announcement fab for volume production Delayed by COVID-19? See next slide Power MOSFET, BCD, IGBT Production started 300mm fab in Guangzhou 200mm fab, Scotland

300mm fab, Chongqing Early 2000s 200mm and 300mm fabs, Qingdao

2017 2018 2019 2020 2021 2022 2023

300mm fab x2 300mm fab Yole Développement, September 2020 300mm fab, Wuxi 300mm fab in Dresden, first for $3.6B $1B DRAM, later slated for power BCD – CMOS, Power MOSFET in IGBT in 300mm 300mm Investment amount in red 300mm fab in Villach 300mm fab from $1.6B Global Foundries, NY $430M Status of the Power Electronics Industry 2020 | Sample | www.yole.fr | ©2020 12 MARKET SHARES AND SUPPLY CHAIN

Status of the Power Electronics Industry 2020 | Sample | www.yole.fr | ©2020 20 YOLE GROUP OF COMPANIES RELATED REPORTS Yole Développement Power Electronics for Electric Status of the Power Module Power GaN 2019: Epitaxy, Devices, & Hybrid Electric Vehicles 2020 Packaging Industry 2019 Applications & Technology Trends

Contact our Sales Team for more information Power SiC 2019: Materials, Compound Semiconductor Devices, and Applications Quarterly Market Monitor

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