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EV Boom Fuels 14.8% CAGR Growth in SiC Wafer Market: Valuates Report Explores the Future of Power Electronics | Valuates Reports

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Silicon Carbide (SiC) Wafer Market is Segmented by Type (4 Inch, 6 Inch, 8 Inch), by Application (Power Device, Electronics & Optoelectronics, Wireless Infrastructure).

BANGALORE, India, Feb. 13, 2025 /PRNewswire/ — The Global Silicon Carbide (SiC) Wafer Market was valued at USD 1218 Million in the year 2024 and is projected to reach a revised size of USD 3154 Million by 2031, growing at a CAGR of 14.8% during the forecast period.

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Major Factors Driving the Growth of Silicon Carbide (SiC) Wafer Market:

The Silicon Carbide (SiC) Wafer Market is poised for substantial growth as demand for high-performance, energy-efficient components rises across various industries. SiC technology, known for its superior thermal and electrical properties, is critical for powering next-generation applications in electric vehicles, industrial power systems, and consumer electronics. Continuous improvements in production scalability and cost efficiency are making SiC wafers more accessible to manufacturers worldwide. This expanding market is supported by a global push toward energy sustainability and increased investments in renewable energy and automotive electrification. As industries seek to enhance performance while reducing environmental impact, the demand for robust SiC wafers continues to surge, ensuring that the market remains dynamic and well-positioned for long-term growth and competitive innovation.

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TRENDS INFLUENCING THE GROWTH OF THE SILICON CARBIDE (SiC) WAFER MARKET:

6-inch silicon carbide wafers are a major growth driver in the SiC Wafer Market by offering an optimal balance between performance and production efficiency. These wafers have become widely adopted in the manufacturing of power devices due to their suitable size for high-volume production and cost-effectiveness. Their larger surface area compared to smaller alternatives allows manufacturers to produce more devices per wafer while still ensuring high-quality material properties, such as excellent thermal conductivity and low electrical losses. This size is particularly attractive for applications in electric vehicles, renewable energy systems, and industrial power supplies where efficiency and reliability are paramount. The 6-inch wafer format also benefits from established production lines, which helps lower manufacturing costs and reduce turnaround times. As demand for robust and energy-efficient components continues to grow, the widespread adoption of 6-inch SiC wafers significantly propels market expansion.

4-inch silicon carbide wafers contribute to market growth by serving niche applications and research developments where precision and flexibility are key. The smaller wafer format is ideal for prototyping, low-volume production, and specialized devices that require rapid iteration and testing. Their reduced size allows for quicker processing and more adaptable manufacturing conditions, which are critical during the early stages of product development. This format is particularly beneficial for innovative applications in power electronics and sensor technology, where customization and experimental adjustments are needed. Although 4-inch wafers may yield fewer devices per run compared to larger wafers, their agility in research settings and cost-effectiveness for small-scale production make them an essential component of the SiC ecosystem. As companies continue to innovate and refine high-performance applications, the demand for 4-inch SiC wafers remains robust, supporting overall market growth.

Power devices are a key factor in driving the Silicon Carbide (SiC) Wafer Market, as they demand components with exceptional electrical and thermal properties. SiC-based power devices, used in applications such as electric vehicles, industrial motor drives, and renewable energy converters, require wafers that can withstand high voltages and temperatures while ensuring minimal energy loss. The superior performance characteristics of SiC, including high breakdown voltage and efficient switching speeds, make it the material of choice for next-generation power electronics. As the global emphasis on energy efficiency and sustainable power solutions increases, manufacturers are turning to SiC wafers to produce devices that deliver enhanced performance and reliability. The expanding power electronics sector, driven by trends such as electrification and green energy, further reinforces the demand for SiC wafers, making power device applications a critical growth driver for the market.

Cost efficiency is a vital factor in the SiC Wafer Market. Manufacturers are focusing on scaling up production through streamlined processes and improved yield management, which lower the overall production cost per wafer. The economies of scale achieved in large-scale production enable suppliers to offer competitive pricing, making SiC wafers more accessible to a wider range of industries. Efficient production not only reduces costs but also improves product consistency, which is crucial for high-performance applications. As industries such as automotive and renewable energy demand large volumes of power devices, the drive for cost-effective and scalable production becomes increasingly important. This focus on efficiency ensures that manufacturers can meet growing demand without compromising quality, thereby significantly propelling market growth.

Enhanced safety and reliability are critical in the SiC Wafer Market, particularly for applications where performance under extreme conditions is non-negotiable. SiC wafers provide excellent thermal stability and robust electrical properties that ensure safe operation in high-power applications. Their ability to withstand high temperatures and voltage stresses makes them indispensable in sectors like electric vehicles and industrial automation, where battery safety and power efficiency are paramount. The reliability of SiC components reduces the risk of system failures, lowering maintenance costs and enhancing overall operational safety. As stringent safety standards become more prevalent in high-tech industries, the demand for SiC wafers that deliver reliable performance under stress continues to rise, supporting a robust market expansion.

The rapidly growing electric vehicle (EV) industry is a major growth driver for the SiC Wafer Market. As EV adoption accelerates worldwide, the need for efficient power management and high-performance battery systems becomes increasingly critical. SiC wafers are integral in manufacturing advanced power electronics used in EVs, providing superior energy efficiency, fast switching speeds, and reduced power losses. The push for higher vehicle ranges, faster charging capabilities, and overall improved performance makes SiC-based components highly desirable. The surge in government incentives for EVs and increased consumer environmental awareness further boost demand in this sector. Consequently, the expanding EV market directly translates into higher demand for high-quality SiC wafers, reinforcing market growth.

A strong focus on energy efficiency and overall performance drives the demand for SiC wafers. Industries are under constant pressure to develop energy-efficient solutions to reduce operational costs and environmental impact. SiC technology, known for its high efficiency and minimal power losses, plays a critical role in achieving these goals. The enhanced performance of SiC-based power devices leads to better system efficiency, longer battery life, and improved overall device performance. This drive for higher energy density and performance has spurred significant investments in advanced battery and power module development. As companies prioritise efficiency improvements in their products, the market for high-performance SiC wafers expands, supporting innovations that lead to energy savings and superior operational outcomes.

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SILICON CARBIDE (SiC) WAFER MARKET SHARE

North America and Europe lead the market due to advanced manufacturing infrastructures, high demand from the automotive and electronics sectors, and stringent energy efficiency standards.

In contrast, the Asia-Pacific region is rapidly expanding as countries like China, Japan, and South Korea invest heavily in emerging technologies, electric vehicles, and renewable energy systems.

Key Companies:

●  TankeBlue

●  SICC

●  Hebei Synlight Crystal

●  CETC

●  Wolfspeed Inc.

●  SK Siltron

●  ROHM Group (SiCrystal)

●  Coherent

●  Resonac

●  STMicroelectronics

●  San’an Optoelectronics

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Silicon Carbide Epitaxial Wafer market was valued at USD 227.8 Million in 2022 and is anticipated to reach USD 1667.4 Million by 2029, witnessing a CAGR of 32.5% during the forecast period 2023-2029.

–  8 Inch Silicon Carbide Wafer Market was valued at USD 20.1 Million in the year 2024 and is projected to reach a revised size of USD 1944 Million by 2031, growing at a CAGR of 93.5% during the forecast period.

–  Silicon Carbide (SiC) Wafer Foundry market was valued at USD 106 Million in 2023 and is anticipated to reach USD 561 Million by 2030, witnessing a CAGR of 25.8% during the forecast period 2024-2030.

–  Semi-Insulating Silicon Carbide Wafer Market was valued at USD 284 Million in the year 2024 and is projected to reach a revised size of USD 595 Million by 2031, growing at a CAGR of 11.3% during the forecast period.

–  High-purity Silicon Carbide Powder for Wafer market is projected to grow from USD 193 Million in 2024 to USD 478.6 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.

–  Silicon Carbide Wafer Boats Market was estimated to be worth USD 101 Million in 2023 and is forecast to a readjusted size of USD 207.5 Million by 2030 with a CAGR of 10.5% during the forecast period 2024-2030.

–  SiC & GaN Wafer Foundry market was valued at USD 246 Million in 2023 and is anticipated to reach USD 907 Million by 2030, witnessing a CAGR of 20.8% during the forecast period 2024-2030.

–  Silicon Carbide Wafers and Substrates Market was valued at USD 1218 Million in the year 2024 and is projected to reach a revised size of USD 3154 Million by 2031, growing at a CAGR of 14.8% during the forecast period.

–  Silicon Carbide (SiC) Epitaxy Equipment Market

–  8-inch (200mm) Silicon Carbide Wafers Market

–  Silicon Carbide (SiC) Substrate Market was valued at USD 691 Million in the year 2024 and is projected to reach a revised size of USD 1863 Million by 2031, growing at a CAGR of 15.5% during the forecast period.

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Technology

Portland General Electric declares dividend

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2 hours ago

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July 25, 2026

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PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

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Technology

Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

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July 24, 2026

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WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

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SOURCE Care Career

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Technology

PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

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4 hours ago

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July 24, 2026

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As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

“Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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