<p>➀ Japanese companies are ramping up mass production of GaN power semiconductor devices for electric vehicles to increase range, although high costs remain a barrier.</p><p>➁ GaN is competing with SiC for applications in electric vehicle power semiconductor devices.</p><p>➂ GaN has very low power loss, which could reduce the charging time for electric vehicles from 90 minutes to 5 minutes.</p><p>➃ Companies like Sumitomo Chemical and Mitsubishi Chemical are investing in large diameter substrates to lower production costs.</p><p>➄ Toyota Synchro Corporation is working on integrated development from seeds to substrates and devices.</p><p>➅ Shin-Etsu Chemical is developing 300mm substrates for horizontal devices and 200mm substrates for vertical devices.</p><p>➆ GaN devices have a market size of over $2.3 billion in 2030, expected to grow from $220 million in 2023.</p>