The first park review committee of the National Science and Technology Commission has approved the investment case of the National Investment Company.

The first meeting of the Science Park Review Council of the National Science and Technology Commission was held today (11th), and it approved one investment case by CSBC Corporation, Taiwan (CSBC), totaling NT$200 million, for the integrated circuit company, GaN Power Technology Co., Ltd., which is a subsidiary of CSBC located in the Central Taiwan Science Park.

The investment amount for this case is about NT$200 million. The company will develop the third-generation semiconductor, including GaN power epitaxial wafers and GaN power transistors. Besides its own technologies, the company has also obtained epitaxial technology from NTT-AT of Japan. The design, production, and sales of products will be integrated with multiple manufacturers. The products will be applied in industries such as solar energy storage, new energy vehicles, industrial automation, and 5G high-frequency communication. This investment is expected to help promote the formation of a high-tech industry cluster in central Taiwan.

According to TrendForce’s research forecast, GaN power components are mainly used in consumer products, and the market size is expected to reach US$850 million by 2025, with a compound annual growth rate of up to 78% from 2020 to 2025, showing significant market potential.