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SiC & GaN Power Semiconductor Market Accelerates at 22.9% CAGR to Reach $11.08 Billion by 2034 | Fact.MR

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Quest of End-use Industries to Reduce Carbon Footprint Driving Demand for Energy-Efficient SiC & GaN Power Semiconductors

ROCKVILLE, Md., May 27, 2024 /PRNewswire/ — According to a new industry report by Fact.MR, the global SiC & GaN Power Semiconductor Market is expected to reach a valuation of US$ 1.41 billion in 2024. It is projected to achieve $11.08 billion by 2034, growing at a CAGR of 22.9% from 2024 to 2034.

SiC & GaN power semiconductors are transforming the electronics sector by overcoming the limited features offered by conventional silicon-based semiconductors. SiC & GaN power semiconductors are energy efficient and have thermal tolerance. These characteristics make SiC & GaN power semiconductors ideal for high-temperature and high-frequency applications. These semiconductors are finding extensive use in the automotive, renewable energy, industrial, and consumer electronics sectors.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=381

In the automotive sector, SiC & GaN power semiconductors are used in the manufacturing of energy-efficient elective and hybrid vehicles. Due to their effective energy conversion ability, SiC & GaN power semiconductors in industrial settings are used in renewable energy inverters and motor drives. Ongoing research and development activities across the world are set to enhance the features of SiC & GaN power semiconductors even more over the coming years.

Key Takeaways from the Market Study:

The market for SiC & GaN power semiconductors in the United States is evaluated at $149.9 million in 2024.Japan is set to hold 29.4% of the East Asia market share by 2034.The China market is approximated at US$ 154.4 million in 2024.SiC power module sales are forecasted to reach US$ 3.64 billion by 2034.

“Miniaturization trend in consumer electronics a key factor driving high demand for SiC & GaN power semiconductors,” says a Fact.MR analyst.

Innovation and Acquisition Prime Tactics to Enhance Product Offerings

The global SiC & GaN power semiconductor market is highly competitive. Industry giants are adopting product expansion strategies such as mergers and acquisitions. Acquisition or merger into another company is aiding companies in increasing their product offerings and market reach.  

In October 2023, Infineon Technologies AG declared the acquisition of GaN Systems Inc.In 2023, Japan’s deep-tech company Flosfia started offering next-gen power chips made from gallium oxide. These high-performance gallium power chips allow EVs to travel farther.

Regional Dynamics: SiC & GaN Power Semiconductors in Automotive and Renewable Energy Sectors

SiC and GaN power semiconductors have become integral to automotive manufacturing in the United States, spurred by stringent regulations governing vehicle safety and greenhouse gas emissions. As automakers strive to incorporate fuel-efficient components into their vehicles, the adoption of SiC and GaN power semiconductors has surged in automotive system production. Their high energy efficiency plays a crucial role in enhancing the performance of electric vehicle power trains.

Meanwhile, China stands out as a major hub for semiconductor manufacturing. The nation’s robust production capabilities and extensive export of consumer electronics have fueled the demand for SiC and GaN power semiconductors. Additionally, the increasing popularity of renewable energy sources like solar panels and distributed energy storage systems has propelled the use of SiC and GaN power semiconductors in the production of these systems. Moreover, the growing trend of industrial automation has further fueled the growth of the SiC and GaN power semiconductor market in China.

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High Demand for SiC Power Module Technologies:

Among the array of materials utilized in power module semiconductors, silicon carbide stands out as the most prevalent. This distinction arises from SiC’s remarkable capability to minimize energy loss during power conversion processes. This inherent advantage translates into reduced reliance on expensive cooling systems, making SiC semiconductors an increasingly appealing choice for semiconductor purchasers.

This trend underscores the projection that the demand for SiC power modules will continue to surge over the next decade. Another notable advantage of SiC power modules is their exceptionally low switching loss, particularly in applications like metal-oxide-semiconductor field-effect transistors (MOSFETs), EV chargers, and solar inverters. This technological supremacy further bolsters SiC power module manufacturers as they broaden their product offerings and market presence.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global SiC & GaN power semiconductor market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on material (SiC, GaN), component (SiC power modules, GaN power modules, discrete SiC power devices, discrete GaN power devices), and application (power supplies, wireless charging, power storage, hybrid & EV components, HEV charging equipment, motor drives, PV inverters, traction motor components, others), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

Check Out More Related Studies Published by Fact.MR Research:

https://www.factmr.com/report/4581/silicon-carbide-market

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About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive. 

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View original content:https://www.prnewswire.com/news-releases/sic–gan-power-semiconductor-market-accelerates-at-22-9-cagr-to-reach-11-08-billion-by-2034–factmr-302155988.html

SOURCE Fact.MR

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Chaberton Energy RFP Seeks Farming Partners for two Maryland Agrivoltaics Projects

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Agrivoltaics co-locates solar facilities and agricultural activity while creating access to lower-cost energy for community members during a time of spiking prices.

Chaberton is partnering with Okovate Sustainable Energy to select farmers for the Montgomery County, Md., projects.

ROCKVILLE, Md., April 23, 2026 /PRNewswire/ — Chaberton Energy invites Maryland farmers to respond to two requests for proposal (RFPs) to farm up to 27 acres of land in Montgomery County as part of an agrivoltaics initiative. Agrivoltaics is the practice of co-locating solar power projects with farming activities.

This opportunity will provide selected farmers with access to land at no cost as well as compensation for vegetation management at the site. Chaberton is working with Okovate Sustainable Energy to solicit and evaluate proposals from farmers interested in using the land under and between the projects’ rows of solar panels for crop farming and/or animal grazing.

The RFPs come at a time when Maryland imports more than 40% of its electricity, leaving ratepayers exposed to volatile wholesale prices. These projects bring distributed solar closer to the communities that need it most, providing lower-cost energy to nearly 1,000 local households while supporting agricultural businesses in the area.

“These projects are among Montgomery County’s first agrivoltaics projects,” said Ryan Boswell, vice president of development for Chaberton Energy. “Everybody benefits when farmers, communities, local governments and energy developers work together toward a shared set of goals.”

The solar projects align with Maryland’s renewable energy and agricultural sustainability goals. Selected farmers will develop tailored farming plans for each site and seek the required review from the Montgomery County Office of Agriculture.

“Together we’re building out the energy network we need while keeping agricultural land productive,” said Miles Braxton, CEO and co-founder of Okovate. “This is an opportunity to provide land access to local farmers looking to expand or start their operations, while also leasing land for solar that helps meet the growing energy demand.”

Chaberton Solar Sugarloaf in Dickerson, Md., will have a generating capacity of 5.23 megawatts. It spans 19 acres, with 16 acres covered by the solar array and a 3-acre buffer zone. Approximately 10 acres of land in between solar panel rows and a total of 13 acres are available for agricultural use.

Chaberton Solar Ramiere in Poolesville, Md., is a 3.88 megawatt project spanning 11 acres, with approximately 8 acres covered by the solar array and a 2-acre buffer zone. Approximately 5 acres of land in between solar panel rows and a total of 7 acres are available for agricultural use.

Farmers or agricultural operators responding to the RFPs must submit a proposal that provides a clear vision for how they will utilize one or both agrivoltaics sites and outlines their approach to vegetation management, agricultural production and sustainable practices. Complete information as well as application forms are available at chaberton.com/RFP26.

About Chaberton Energy
Chaberton Energy is a public benefit corporation developing community-scale energy projects, with a focus on distributed solar and battery energy storage. A national developer with roots in the communities it serves, Chaberton is a two-time Inc. 5000 awardee, ranking in 2025 as the No. 53 fastest-growing private company in America and the No. 2 energy company on the list. With a commitment to creativity, excellence, and humanity, Chaberton’s team develops distributed solar and battery energy storage projects that improve grid reliability and resilience while lowering electricity costs for community members and businesses.

Media Contact
Lia Morrison 
lia.morrison@chaberton.com 
412-573-9095

View original content to download multimedia:https://www.prnewswire.com/news-releases/chaberton-energy-rfp-seeks-farming-partners-for-two-maryland-agrivoltaics-projects-302752253.html

SOURCE Chaberton Energy

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Empire Asset Finance Adds Katharine Rudzitis as Vice President, Direct Originations

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Empire Asset Finance, LLC (“Empire”) has added Katharine Rudzitis as Vice President, Direct Originations, further expanding the firm’s direct origination capabilities as it continues to scale its equipment finance platform serving middle-market, private equity-sponsored, and non-sponsored companies.

NEW YORK, April 23, 2026 /PRNewswire-PRWeb/ — Empire Asset Finance, LLC (“Empire”) has added Katharine Rudzitis as Vice President, Direct Originations, further expanding the firm’s direct origination capabilities as it continues to scale its equipment finance platform serving middle-market, private equity-sponsored, and non-sponsored companies.

Rudzitis brings more than a decade of experience originating and executing asset-backed transactions for North American businesses. She partners closely with corporate borrowers, private equity sponsors, and advisors to deliver flexible, tailored equipment financing solutions across a wide range of company stages and credit profiles.

Prior to joining Empire, Rudzitis spent ten years at Macquarie Group, where she focused on providing equipment finance solutions for clients across the manufacturing, industrial, commodity, and technology sectors.

“Katharine brings deep experience navigating complex equipment and asset-backed transactions and a thoughtful, solutions-oriented approach to serving middle-market clients,” said Rick Rockhold, CEO of Empire. “She understands how to deliver flexible capital solutions that align with sponsor and borrower objectives, and we are excited to have her join Empire as we continue to grow our direct origination platform.”

“Her institutional background and disciplined approach to sourcing and executing transactions are highly aligned with how we operate,” said Mike Miroshnikov, Chief Operating Officer and Chief Credit Officer of Empire. “Katharine brings a strong ability to navigate complex situations, combined with a structured, process-driven mindset that supports consistency and high-quality outcomes across a wide range of client needs.”

In her role, Rudzitis will focus on expanding Empire’s direct origination efforts and deepening relationships with private equity sponsors, corporate borrowers, and advisors.

Rudzitis holds a BA in Mathematics, English, and Classics from Amherst College.

About Empire Asset Finance, LLC

Empire Asset Finance, LLC is a direct private credit lender focused on mid-to large-ticket equipment financing solutions for underserved middle-market companies. Backed by Arena Investors LP, Empire delivers flexible capital structures, white-glove service, and technology-driven execution that empowers businesses to grow while preserving liquidity.

About Arena Investors, LP

Arena Investors, LP is a global institutional asset manager founded in 2015 by Daniel Zwirn, a veteran investor with over two decades of experience building alternative asset platforms. Arena is a global multi-strategy investment firm with approximately $4.6 billion of assets under management and programmatic capital as of June 30, 2025. The firm is a subsidiary of Arena Investors Group Holdings (“AIGH”). AIGH, along with its affiliate, Ceres Life Insurance, comprises the Westaim Corporation (TSXV: “WED”), an integrated asset management and life insurance and annuity provider.

Media Contact

Rick Rockhold, Empire Asset Finance, LLC, 1 7189643439, rrockhold@empireassetfinance.com, http://www.empireassetfinance.com/ 

View original content:https://www.prweb.com/releases/empire-asset-finance-adds-katharine-rudzitis-as-vice-president-direct-originations-302751354.html

SOURCE Empire Asset Finance, LLC

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OverActive Media to Host Fourth Quarter 2025 Conference Call

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TORONTO, April 23, 2026 /CNW/ – OverActive Media Corp. (“OverActive” or the “Company”) (TSXV: OAM) (OTC: OAMCF) (WKN: A3CSPU) (FSE: 0RB), a global digital media, esports and entertainment company for today’s generation of fans will report its fourth quarter 2025 results after market close on Tuesday, April 28, 2026. The Company will hold a conference call the following day, call hosted by Adam Adamou, CEO and Co-Founder.

WHAT: Q4 2025 Earnings Conference Call

WHEN: Wednesday, April 29, 2026, at 9:00 a.m. ET
Please connect at least 15 minutes before the conference call.

PARTICIPANT INFORMATION

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4tu24C0 to receive an instant automated callback. 

You can also dial directly to be entered into the call by an operator.

Call Details: 416-945-7677 or 1-888-699-1199

The conference call will be webcast live in its entirety at 9:00 a.m. ET at https://app.webinar.net/lqrNZlWd29V, and it will be archived for three months.

Links to SEDAR filings and press releases are available on the investor website at https://overactivemedia.com/pages/filings

TELEPHONIC REPLAY

Call Details: 289-819-1450 or 1-888-660-6345
Encore Replay Entry Code: 96797 #
Encore Replay Expiration Date: Wednesday, May 6, 2026

About OverActive Media

OverActive Media Corp. (TSXV: OAM) (OTC:OAMCF) (WKN:A3CSPU) (FSE:0RB) is headquartered in Toronto, Ontario, with operations in Madrid, Spain and Berlin, Germany, is a premier global esports and entertainment company for today’s generation of fan. OverActive Media owns team franchises in professional esports leagues, including the Call of Duty League, operating as the Toronto KOI, the League of Legends EMEA Championship (LEC), operating as Movistar KOI, operating as Movistar KOI in other professional esports leagues and competitions. OverActive also operates ActiveVoices, an AI-driven content localization and monetization platform that enables creators and brands to expand their audiences globally and unlock new revenue streams through automated translation, dubbing, and distribution.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Overactive Media Corp.

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