➀ Key players like Infineon, Renesas, and GlobalFoundries are acquiring GaN technology companies to bolster their GaN capabilities. ➁ GaN, a third-generation semiconductor, boasts higher breakdown strength, faster switching speeds, and superior thermal conductivity, ideal for high-power applications. ➂ The GaN market is poised for significant growth, driven by its superior performance in sectors such as electric vehicles, AI, and robotics over traditional silicon devices.