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Silicon on Insulator Market worth $2.55 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 30, 2024 /PRNewswire/ — The global silicon on insulator market was valued at USD 1.29 billion in 2024 and is projected to reach USD 2.55 billion by 2029; it is expected to register a CAGR of 14.7% during the forecast period according to a new report by MarketsandMarkets™. The demand for silicon on insulators reduces the overall cost of semiconductor devices by minimizing silicon wastage during the manufacturing of thin SOI wafers. It also leads to improved performance, low operating voltage required by SOI wafers, and increased investments in the SOI ecosystem. SOI devices can operate at higher frequencies compared to traditional bulk silicon devices, leading to improved performance in applications like high-speed communications and computing.

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Browse in-depth TOC on “Silicon on Insulator Market” 
154 – Tables
66 – Figures
217 – Pages

Silicon on Insulator Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.29 billion

Estimated Value by 2029

$ 2.55 billion

Growth Rate

Poised to grow at a CAGR of 14.7%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By wafer size, wafer type, technology, product, application, and region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Volatility and susceptibility of SOI-based wafers to damage caused by pressure or stress

Key Market Opportunities

Use of SOI technology in IoT devices

Key Market Drivers

Need for technological advancements in consumer electronics

By Wafer Type: FD – SOI segment to account for the largest market share in the forecasted year.

The FD-SOI segment accounted for the largest share of the silicon on insulator market in 2029. The growth of the segment is attributed as it enables low-power operation by minimizing leakage currents, making it highly suitable for energy-efficient applications. The FD-SOI technology can lower the operating voltage in SRAM cells by 100-150 mV, leading to a significant reduction in power consumption (up to 40%) compared to conventional CMOS technologies. The advantages of FD-SOI wafers include low power consumption, less energy consumption, faster operation, less parasitic capacitance, low variability, and reliability. They are more expensive than bulk CMOS wafers but offer improved performance and power efficiency. 300 mm FD-SOI wafers are an alternative to FinFET technology.

By Product: MEMS devices accounted for the largest market share in the forecasted year.

MEMS devices hold the largest share of the silicon on insulator market in 2029. SOI technology allows for the miniaturization of MEMS devices without compromising their functionality. This miniaturization is essential to meet space and power requirements, specifically in the consumer electronics industry, automotive, and medical devices industries. The low power consumption is mainly due to the thinner silicon layer used in SOI substrates, especially critical to battery-powered MEMS devices. Further, thick SOI-based MEMS are deployed in accelerometers, gyroscopes, RF, and optical MEMS devices. MEMS devices using SOI are more reliable and compact in size and can execute high-speed operations. The SOI technology is superior in thermal management this is because the insulating layer helps in the management of heat that is produced in the MEMS devices when in use.

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By Region: Asia Pacific region is accounted for the largest market share in the forecasted year.

The Asia Pacific region is accounted for the largest share of the silicon on insulator industry in 2029. This market has experienced sustainable growth from increased market demand and adoption of various consumer electronics goods including smart handheld devices including Smartphone’s, tablets, laptops, and smart wearable gadgets. The emergence of new generation networks, in particular, 5G/6G networks requires such devices that meet the following requirements: high speed and energy efficiency. Therefore, the SOI technology has better performance in RF communication compared to other circuits and consume less power making them ideal to be used in 5G networks. In addition, some of these market players have also been investing more in this area and expanding their semiconductor foundry as well as wafer manufacturing capacity in the same region, there is an increase in the Asia Pacific SOI market.

Key Players-

The key companies that offer silicon on insulator companies include SOITEC (France), Shin-Etsu Chemical Co., Ltd. (Japan), GlobalWafers (Taiwan), SUMCO Corporation (Japan), Shanghai Simgui Technology Co., Ltd.  (China).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Technology

Robinson Nuclear Plant receives approval from U.S. Nuclear Regulatory Commission to continue operating until 2050

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License extension supports growing energy demand, helps keep customer costs as low as possibleExtended operation provides significant economic benefits for Pee Dee region

Editor’s note: Visit the Duke Energy News Center for downloadable B-roll and high-resolution images of Robinson Nuclear Plant.

CHARLOTTE, N.C., April 23, 2026 /PRNewswire/ — The U.S. Nuclear Regulatory Commission (NRC) has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, extending the plant’s ability to deliver reliable energy until 2050.

Robinson, located in Hartsville, S.C., provides enough energy to power 570,000 homes and plays an important role in protecting reliability and affordability for customers as regional electricity demand continues to grow.

What they’re saying

South Carolina Gov. Henry McMaster: “South Carolina’s energy needs continue to rise, and extending Robinson Nuclear Plant’s operating license preserves a reliable, affordable source of nuclear energy our state depends on. This plant ensures we have the power needed to support jobs and strengthen communities across the Pee Dee region.”Congressman Russell Fry (SC-07): “For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s nuclear fleet. The extension of its license is monumental for the Pee Dee and allows Duke Energy to continue providing affordable, reliable electricity to homes and businesses in the region. This renewal is a win for families in the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County as a whole.”Steven Capps, chief nuclear officer for Duke Energy: “Extending the operating life of this proven asset helps us deliver low-cost, always-on electricity for customers while supporting jobs and energy security for the region. Robinson’s subsequent license renewal reflects the strength of our safety culture and the rigorous work our teams do every day to support our communities.”

Why it matters

Duke Energy’s nuclear fleet provides about 51% of customers’ energy needs in the Carolinas, making nuclear energy an essential component of the company’s diverse generation portfolio.License renewal extends the use of cost-effective generation, resulting in significant savings for customers over time.Extended operation sustains significant economic benefits for Darlington County and the broader Pee Dee region.

Robinson by the numbers

Delivers 759 megawatts (MW) of electricity, powering nearly 570,000 homes.Nearly 500 high-paying jobs supported.$1.7 billion in equipment upgrades completed.Approximately $28 million in annual local tax contributions.

Go deeper

U.S. nuclear facilities are licensed by the NRC. The process to renew a license requires a comprehensive analysis and evaluation to ensure the plant can safely be operated for the period of extended operation.Robinson’s original 40-year operating license was granted by the NRC in 1970, making it one of the first commercial nuclear power plants in the Southeast. Robinson’s initial license was renewed for an additional 20 years of operation until 2030, and the subsequent license renewal allows for continued operations until 2050.Robinson is the second Duke Energy nuclear facility to receive approval for subsequent license renewal, following Oconee Nuclear Station in 2025. Duke Energy plans to seek subsequent license renewal for all 11 operating units across its nuclear fleet.For more background and updates on the subsequent license renewal process, visit Duke Energy’s subsequent license renewal webpage.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Mikayla Kreuzberger
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/robinson-nuclear-plant-receives-approval-from-us-nuclear-regulatory-commission-to-continue-operating-until-2050-302752297.html

SOURCE Duke Energy

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Cin7 Appoints Sheldon Cummings as Chief Executive Officer

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Seasoned SMB technology leader joins to drive AI-powered growth for inventory and commerce platform

DENVER, April 23, 2026 /PRNewswire-PRWeb/ — Cin7, a leading inventory management and connected commerce platform for small and mid-sized businesses (SMBs), today announced the appointment of Sheldon Cummings as Chief Executive Officer, effective April 20th. Sheldon succeeds Ajoy Krishnamoorthy, who is stepping down after leading the company through a significant period of product investment, global expansion, and customer growth.

I’m thrilled to be joining Cin7 at such a defining moment for both the company and the future of commerce.

“Leading Cin7 over these past few years has been one of the most rewarding experiences of my career,” said Ajoy. “I am proud of the work that we’ve done to improve the product, unite our global team, and deepen our connection with our customers. I’m confident that Sheldon is the right leader for Cin7’s next phase and I look forward to watching this team take the business to the next level.”

Sheldon brings more than 25 years of experience scaling technology businesses that serve small and mid-sized businesses. He most recently served as President and General Manager of the Corporate Business Unit at Smarsh. Prior to Smarsh, he served as Chief Operating Officer of Mailchimp, leading revenue, strategy, and operations across one of the world’s most widely used SaaS platforms for small businesses. He has also held senior leadership roles at Intuit, including Vice President of Sales, where he contributed to scaling go-to-market engines for SMB and Mid-Market focused products.

Sheldon joins Cin7 at a pivotal moment as AI reshapes how businesses manage inventory, fulfill orders, and connect their commerce operations. Already deeply invested in AI, Cin7 is positioned to lead the transformation by delivering smarter, faster, and more connected capabilities to its customers around the world.

“I am thrilled to be joining Cin7 at such a defining moment,” said Sheldon Cummings. “Cin7 has built something genuinely valuable. It has real product depth, a passionate global team, and a large market still full of opportunity. There is a compelling opportunity to become the intelligent commerce platform for SMB and Mid-Market product sellers across the globe. To be the one that harnesses the power of AI to help businesses operate better and grow faster. I am excited to partner with this team to chase that opportunity and to continue delivering the innovation our customers deserve.”

Cin7 serves thousands of businesses worldwide, helping them manage inventory, streamline operations, and connect their sales channels through a single, powerful platform. With teams in the United States, United Kingdom, New Zealand, Australia, Sri Lanka, the United Arab Emirates, India, and the Czech Republic, Cin7 operates as a truly global business with a local commitment to every market it serves.

About Cin7

Cin7 is the leading inventory management and connected commerce platform for small and mid-sized product businesses. Cin7 helps growing brands manage inventory, automate workflows, and connect their sales channels, from e-commerce to wholesale to retail, in one powerful, easy-to-use platform. With over 8,500+ customers in over 100 countries processing over 125 million orders annually, Cin7 is a global business on a mission to make commerce simpler, smarter, and more connected for product sellers everywhere. For more information, visit www.cin7.com.

Media Contact

Karla Fleege, Cin7, 1 509-413-0025, pr@cin7.com, www.cin7.com

View original content:https://www.prweb.com/releases/cin7-appoints-sheldon-cummings-as-chief-executive-officer-302752187.html

SOURCE Cin7

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ShareRing, TKC and Transformational Launch Thailand’s First National Trust Infrastructure for Verifiable Credentials, with Production Rollout Starting June 2026

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A three-party alliance between ShareRing, publicly listed digital infrastructure provider TKC, and Thailand digital transformation firm Transformational will deliver the country’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, anchored on ShareRing’s Privacy KYC technology.

BANGKOK, April 23, 2026 /PRNewswire-PRWeb/ — Turnkey Communication Services PCL (TKC), in partnership with Transformational and ShareRing, today announced a strategic alliance to launch Thailand’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, bridging the trust gap between government and private sector transactions.

We are building the trust layer that the whole country runs on.

“This partnership is about establishing a ‘National Trust Infrastructure,’ which is a critical national policy direction,” said Mr. Sayam Tiewtranon, CEO of TKC. “TKC’s role is to merge our existing infrastructure with global technology standards to drive widespread adoption in alignment with MDES and ETDA. We aim to reduce costs and increase transparency without burdening existing systems, while ensuring future international connectivity.”

Thailand’s Digital Paradox: Connectivity vs. Physical Friction

Despite a 95 percent internet penetration rate, the transactions that matter most, proving where you live, verifying a professional qualification, or applying for a loan, still require a physical visit and photocopies. “In 2026, citizens are still taking half-days off work to manage paperwork at service counters that close at 3 PM,” said Khun Ariya Banomyong, CEO of Transformational, and former Country Head of Google Thailand and Managing Director of LINE Thailand. “What Thailand lacks is a shared infrastructure layer connecting verified documents to real transactions.”

The High Cost of Unverifiable Documents

Reliance on paper documents leaves citizens and businesses vulnerable. “Paper documents are the ‘weakest link’ in the trust chain; easy to forge and impossible to verify,” Mr. Ariya added. “Once data is on paper, you lose control. For businesses, scanned affidavits prove nothing without independent verification, exposing them to massive risks, from unauthorized directorship changes to fraudulent contracts. Nationally, the cost is measured in hundreds of billions of baht in untraceable educational loan portfolios and public services.”

The Solution: Digital Document Wallet plus Verifiable Credential

The alliance introduces a Digital Document Wallet infrastructure, acting as a “Digital Twin” for critical documentation. Powered by ShareRing’s blockchain technology, already deployed in multiple international markets, the platform supports a wide array of Verifiable Credentials. It is designed to accommodate professional licences, employment certifications, company affidavits, academic transcripts and other identity documents as they transition into the ecosystem.

A Three-Party Architecture

The alliance is designed around three complementary roles. TKC provides the national infrastructure footprint and institutional reach into Thai state-owned enterprises. Transformational leads enterprise and government delivery, translating national policy direction into operational rollout. ShareRing contributes the production Privacy KYC technology stack, already live in multiple international markets. ShareRing also holds a strategic equity stake in Transformational, aligning commercial incentives across delivery and technology beyond a standard vendor relationship.

What Institutions Actually Buy: Sovereign Issuance

The commercial offering at the core of the alliance is what ShareRing calls Sovereign Issuance. A government agency, university, regulator or large enterprise issues its own verifiable digital documents, from its own infrastructure, under its own seal. The end user holds the document on a personal device, gives explicit consent before anything is shared, and reveals only what the verifier requires through Zero-Knowledge Proofs. Verification happens in real time, cryptographically, without the verifier ever needing to contact the issuer. Trust stays with the real authority, the issuer, rather than with a centralised intermediary.

Compliant with Global Security Standards (Private and Secure by Design)

The platform is built on privacy-first global standards, with User Consent at its core. It is W3C Verifiable Credential compliant, DIATF certified and ISO 27001:2022 accredited, and aligned with GDPR, Thailand’s PDPA and the Australian Privacy Act. Implementation is being tracked against the emerging OpenID for Verifiable Credentials (OID4VC) interoperability layer being shaped by ETDA.

“By utilizing Zero-Knowledge Proof (ZKP) and Self-Sovereign Identity (SSI), we ensure users verify information without exposing sensitive data,” said Mr. Tim Bos, Co-Founder and Co-CEO of ShareRing. “No information is accessed without explicit user consent, ensuring only the owner holds the access keys to their digital identity.”

From Policy to Implementation

The alliance focuses on providing enterprise-ready solutions to bridge the gap between policy and execution:

Seamless connectivity via SDKs and APIs for immediate integration into existing legacy systems.Sovereign issuance infrastructure enabling organisations to securely issue their own verifiable digital documents.Real-time verification to eliminate manual delays and fraudulent documentation risks.

“We are building the trust layer that the whole country runs on,” said Mr. Rohan Le Page, Founder and Co-CEO of ShareRing. “By deploying W3C-compliant and ISO-accredited technology, we are providing Thailand with an infrastructure built for global interoperability and international business expansion.”

Implementation Roadmap

“We are already in execution,” said Mr. Piya Jirapapongsa, Deputy Managing Director (Operations) at TKC. “Our first deployment goes live with a major state-owned enterprise in June 2026, followed by digital credential issuance for a network of Thai universities in August 2026, with active discussions underway across financial services, hospitality, and public administration.”

A Blueprint for the Region

Thailand is the first national-scale deployment of the alliance’s model. The partners intend the same architecture, a national infrastructure anchor, a locally credible delivery partner, and a W3C compliant identity and credential stack, to serve as a template for broader South East Asian rollout, with regional conversations already active.

For further project enquiries, please contact Mr. Ekkapol Promratanapong, Digital Product Director, TKC, who leads this initiative.

About Turnkey Communication Services PCL (TKC)

TKC is Thailand’s full-service digital infrastructure provider, covering telecommunications, cybersecurity, and digital solutions for government and large enterprises. Led by CEO Sayam Tiewtranon, the company focuses on building infrastructure that is resilient, secure, and compatible with international standards, supporting the country’s transition to a digital economy.

About Transformational Co., Ltd.

Digital transformation consultancy, working with corporate clients and state-owned enterprises, specialising in digital document trust infrastructure and verifiable credential solutions. Led by CEO Ariya Banomyong.

About ShareRing

ShareRing is a Privacy KYC and Verifiable Credential platform operating across multiple international markets. W3C Verifiable Credential compliant, DIATF certified, and ISO 27001:2022 accredited, ShareRing’s infrastructure is built for institutional scale. The company operates ShareLedger, a Cosmos-based Layer 1 calibrated for identity workloads, and ships the ShareRing Me consumer wallet and ShareRing Link enterprise SDK. ShareRing holds a strategic equity stake in Transformational Co., Ltd.

Media Contact

Rohan Le Page, ShareRing, 61 438094075, marketing@sharering.network, https://www.sharering.network

View original content:https://www.prweb.com/releases/sharering-tkc-and-transformational-launch-thailands-first-national-trust-infrastructure-for-verifiable-credentials-with-production-rollout-starting-june-2026-302752315.html

SOURCE ShareRing

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