TECHCET has raised its latest forecast for total semiconductor revenue in 2024, now projecting growth of nearly 13% over 2023 to over $617 billion. While 2024 revenue shows improvement over 2023, it still falls short of market expectations. Fortunately, 2025 is expected to be a strong year with 27% growth. This growth will be driven by continued strong growth in high-performance computing and data center-related leading-edge products, as well as rising demand across all other applications.

In this paper, we provide a comprehensive review and outlook of silicon carbide (SiC) and gallium nitride (GaN) transistors available on the market for current and next-generation power electronics. We first discuss the material property and structural differences between GaN and SiC devices. Based on the analysis of various commercially available GaN and SiC power transistors, we describe the latest advancements in these technologies, highlighting prioritized power conversion topologies and key characteristics of each technology platform.

On the morning of March 20, the Third-Generation Semiconductor Industry Technology Research Institute signed an agreement to settle in Jiaxing Science and Technology City to successfully promote the industrialization project of gallium nitride radio frequency and power devices and promote the gathering development of the third-generation semiconductor industry in Jiaxing Science and Technology City.

According to TrendForce's Topology Industry Research Institute, the wafer foundry industry continued to receive orders and replenish inventory in the first quarter, with total output value estimated to decline by 2% quarter-on-quarter. However, for the whole year, benefiting from a low base in the same period last year, it is expected to increase by nearly 30% year-on-year. However, the impact of the COVID-19 pandemic on the global market has led to a slowdown in economic growth momentum, and there are variables in demand, which may weaken the growth momentum in the future.

On March 17, according to the website of the National Development and Reform Commission (NDRC), the NDRC and the Ministry of Justice jointly issued a notice on "Opinions on Accelerating the Establishment of a Legal and Policy System for Green Production and Consumption." The notice requires that by 2025, relevant regulations, standards, and policies related to green production and consumption will be further improved, a system framework with effective incentives and constraints will be basically established, green production and consumption methods will be comprehensively promoted in key areas, industries, and links, and China's green development level will be generally improved.