From Technologies to Market

GaAs Wafer and Epiwafer Market:

RF, Photonics, LED and PV

Sample

July 2018

2

o Companies cited in this report 6

o Glossary 7

o Report objectives 9

o Executive summary 11

o GaAs applicative markets 40

o GaAs RF market 43

• Introduction

• Gaas RF applicative market overvieW

• RF Components overview

• GaAs material properties

• Applications of GaAs based RF devices

• GaAs RF device overview

• GaAs based RF devices

• Mobile handset market

• RF Power Amplifiers in Mobile Handset (RF PAs)

• WLAN market

• WiFi data rates, applications and technologies

• Main Wi-Fi / bluetooth architecture in Cell phones

• WLAN PA

• Wi-Fi connectivity generation forecast

• WLAN market

• RF power applications (handset PA and WLAN PA not included)

• Applications for RF Power devices

• Telecom Infrastructure

• Cellular network structure

• Defense

• GaAs in RF Power devices: market size forecast

• Others: RF Switches

• RF Switch Technologies

• GaAs RF supply chain and wafer market

• GaAs RF process technology comparison

• GaAs RF Foundry capacity estimate (6’’ wafer per year)

• Major GaAs foundry capacity evolution

• Global Industrial supply chain GaAs

• Summary

• GaAs substrate volume for RF applications (2017-2023)

• GaAs substrate market size for RF applications (m$)

• Conclusions

• GaAs Photonic market 104

• Introduction to GaAs photonic devices (EELs, SELs and VCSELs)

• Gaas Photonic applicative market overview

• Introduction to laser diodes

• From Photonic applications to materials

• GaAs based Photonic applications (as of 2018)

• GaAs Photonics in Smartphones

• GaAs Photonics in Smartphones (overview)

• What is Imaging?

• 3D imagers and sensors: case study 1

• 3D imagers and sensors: case study 2

• 3D imagers and sensors: case study 2

• 3D imagers and sensors: case study 2

• 3d Imaging and Sensing Market forecast

• Proximity Sensors

• Proximity sensor: case study

• Autofocus systems

• GaAs Photonics in Automotive Applications

TABLE OF CONTENTS (1/3)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

3

• LIDAR

• BIG PICTURE OF LiDAR MARKET OPPORTUNITIES TIMELINE

• Lasers for Automotive LiDAR

• Automotive and Industrial LIDAR Shipment Forecast

• GaAs photonics in Industrial Applications

• Industrial Heating Systems

• Medical Devices

• Datacom/Telecom

• Legacy GaAs photonic applications

• GaAs Photonics wafer market

• 2018 VCSEL players analysis

• VCSEL Industry Landscape

• Summary

• GaAs substrate volume for photonic market (2017-2023)

• GaAs substrate market for photonic market (M$)

• GaAs substrate volume for Photonic Market by main applications (2017-2023)

• GaAs substrate volume by device types (2017-2023)

• Conclusions

o GaAs LED market 164

• Introduction

• GaAs led applicative market overview

• Light Emitting Diode

• GaAs based LEDs

• LED applications on GaAs substrate

• Applications of GaAs based ROY LEDs

• Display Applications

• Horticultural lighting applications

• Automotive lighting applications

• Infrared LED Applications

• Applications of GaAs based infrared LEDs

• IR LEDs used in smartphones

• IR LEDs used in automotives

• IR LEDs used in medical and wearable applications

• IR LEDs used for security applications

• IR LEDs used for ar/vr applications

• IR LEDs used in other applications

• GaAs LED supply chain and wafer market

• Summary

• GaAs ROY LED market (2017-2023)

• GaAs substrate market size for ROY LEDs (2017-2023)

• GaAs substrate volume for infrared LEDs (2017-2023)

• GaAs substrate market size for infrared LEDs (M$)

• Gaas substrate volume for LED applications (2017-2023)

• Conclusions

• GaAs PV market 200

• GaAs PV applicative market overview

• Introduction

• GaAs Based solar cells

• Gaas based Multijunction Solar Cells

• HCPV Applications

• High Concentration Photovoltaic (HCPV)

• HCPV market

• HCPV vs. Silicon solar cells

• Space solar cells

• Market size for PV applications (M$)

• Conclusions

TABLE OF CONTENTS (2/3)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

4

• Emerging markets for very high efficiency solar cells

• Alternative approaches for light weight PV

• GaAs PV wafer market

• GaAs based Solar cell suppliers

• Summary

• GaAs Substrate volume for PV applications (Units)

• GaAs Substrate market size for PV applications (M$)

• Conclusions

o GaAs Wafer Technology & Market 223

• Crystal growth methods

• GaAs substrate growth evolution

• Crystal growth methods

• Wafer finishing

• GaAs substrate size evolution

• Semi-insulating and Semi-conductive GaAs

• Main Applications of GaAs based devices

• GaAs wafer growth : key parameter

• Substrate requirements (As of 2018)

• GaAs substrate suppliers

• GaAs Substrates Players Overview

• Estimated market share of GaAs wafer suppliers

• Focus on AXT

• Focus on Chinese suppliers

• Focus on Vital Materials

• GaAs wafer supplier development status

• GaAs Wafer ASP ($)

• GaAs Wafer ASP Erosion

• Total GaAs substrate volume in units

• GaAs substrate volume: 2017 vs. 2023

• Total GaAs substrate volume in Kunits (2017-2023)

• Total GaAs substrate market (M$)

• GaAs substrate market (M$) : 2017 vs 2023

• Total GaAs substrate Market (M$) (2017 vs 2023)

• GaAs Epiwafer Technology & Market 251

• Epitaxial GROWTH Methods

• Discussion About Epi business model

• Estimated Epiwafer Out sourcing Rate

• Methodology of Epiwafer market estimation

• Total GaAs epiwafer volume in units (2017-2023)

• GaAs epiwafer ASP ($)

• Total GaAs epiwafer market size (M$)

• Total GaAs epiwafer market evolution (2017-2023)

• Epiwafer players: target applications & technology

• Gaas Epiwafer players

• Estimated GaAs rRF epiwafer player market shares (open market)

• Estimated GaAs RF epiwafer shares (open market)

• Focus on GaAs Photonics epiwafer

• Focus on VCSEL epi on 6 inch wafer

• Photonic epiwafer market volume by device structure

• Focus on GaAs epiwafer for photonic applications

• Estimated GaAs Photonic epiwafer shares (open market)

• GaAs epiwafer Photonics market 2017 (6’’ equivalent)

• GaAs epiwafer Photonics market 2017 (4’’ equivalent)

• GaAs Photonic epiwafer open market

• GaAs epiwafer global Photonics market 2017-2023

• Focus on VCSEL Epi

• Can LED players succeed in Photonics market?

• Impact of Competition between VCSEL & LED

• Impact of Photonics applications on Epiwafer market

• Equipment Market

• MOCVD market estimation

• Aixtron stock price

• Discussions & Conclusions 284

• GaAs industry overview

• GaAs wafer market (2018 status)

• how mature is each Gaas application? (As of 2018)

• Conclusions and outlook (1/3)

• Entering A New Era

TABLE OF CONTENTS (3/3)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

5

Biography & contact

ABOUT THE AUTHORS

Ezgi DOGMUS

Dr. Hong Lin has worked at Yole Développement as a Technology and Market Analyst since 2013, specializing in compound semiconductors and providing technical and economic analysis. Before joining Yole Développement, she worked as an R&D Engineer at Newstep Technologies, overseeing the development of cold cathodes made by plasma-enhanced chemical vapor deposition for nanotechnology-based visible and UV lamp applications. She holds a PhD in physics and chemistry of materials.

Email: lin@yole.fr

Dr. Ezgi Dogmus is Technology & Market Analyst at Power & Wireless division at Yole, contributing to thedevelopment of compound semiconductor activities with a dedicated collection of market & technologyreports as well as custom consulting projects. Prior Yole, Ezgi was deeply involved in the development of GaN-based solutions at IEMN (Lille, France). Ezgi also participated in numerous international conferences and hasauthored or co-authored more than 12 papers. Upon graduating from University of Augsburg (Germany) andGrenoble Institute of Technology (France), Ezgi received her PhD in Microelectronics at IEMN (France).

Email: dogmus@yole.fr

Hong LIN

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

6

COMPANIES CITED IN THIS REPORT

AXT, Alight Technologies, Alta Devices, AMS, Apple, APT Elctronics, Arima, Avago, AWSC, Broadcom,

Bridgelux, Changelight, China Crystal Technologies, CMK, Dowa, Epistar, Epitex, Finisar, Flir, Freiberger

Compound Materials, Fuji Xerix, GCS, HC Semitek, Hexawave, Hiwafer, Huntersun, II-VI Epiworks,

Inneas, IntelliEPI, IQE, Landmark, Lasertel, Lumentum, Lumileds, Masimo,, Mediatek, Microlink Devices,

Mitsubishi Chemical, Nichia, Optowell Korea, Osram, Philips Photonics, Qorvo, Qualcomm, RayCan,

RDA, Ricoh, Sanan IC, Santec, SCIOCS, Semiconductor Wafer Inc., Skyworks, Solaero, Sony, Sumitomo

Chemical Advanced Technologies, Sumitomo Electric, Thorlabs, Trilumina, True light Corp.,TT Electronics,

UMS, Vanchip, Vertilas, Vital Materials, VPEC, Win Semiconductor, Xiamen Powerway, Yunnan Germanium

and more.

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

7

GLOSSARY (1/2)

GPRS : General Packet Radio Service

GSM : Global System for Mobile Communications

HB: High band

HBT : Heterojunction Bipolar Transistor

HCPV: High concentrated photovoltaics

HD: High Definition

HE: High end

HEMT : High Electron Mobility Transistor

HEMT: high mobility mobility transistor

HSPA:High-Speed Packet Access

HVPE: Hydride Vapor Phase Epitaxy

IC : Integrated Circuit

IED: Improvised explosive device

InP: Indium Phosphide

IR: Infrared

LB: Low band

LDMOS : Laterally Depleted Metal Oxide Semiconductor

LE: Low end

LEC: Liquid Encapsulated Czochralski

LED: light emitting diode

LIDAR: Light detection and ranging

LNA : Low Noise Amplifier

LPE: Liquid Phase Epitaxy

LTE : Long-Term Evolution

LTE-A: Long-Term Evolution Advanced

LWIR: Long wave infrared

MB: Mid-band

MBE: Molecular Beam Epitaxy

Mbps: Megabytes per second

MCM : Multi-Chip Module

MEMS : Micro-Electro-Mechanical System

MESFET: metal semiconductor field effect transistor

AGR : Annual Growth Rate

ALS: Ambient Light Sensor

AR: Augmented Reality

ASP : Average Selling Price

BAW : Bulk Acoustic Wave

Bi-CMOS : Bipolar and CMOS process technology

BIFET: Bi-field effect transistor

BOM: Bill Of Materials

BP : Baseband Processor

BT : Bandwidth-Time product

BTS : Base Transceiver Station

CA : Carrier Aggregation

CC: Component Carrier

CDMA : Code Division Multiple Access

CdTe: cadmium Tellerium

CIGS: Cupper-Indium-Gallium-Selenium

CMOS: Complementary Metal-on silicon Oxide

Semiconductor

DBR: Distributed Bragg reflector

EDGE : Enhanced Data Rate for GSM Evolution

EEL: edge emitting laser

EPD: Etch pitch density

EW: Electronics warfare

FEM : Front-End Module FET : Field Effect Transistor

FIR: far infrared

FM : Frequency Modulation

F-P: Fabry Pérot

FTTH: Fiber to the home

GaAs: Gallium Arsenide

GaN: Gallium Nitride

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

8

GLOSSARY (2/2)

SI: Semi insulative

SiC: Silicon Carbide

SiGe: Silicon Germanium

SOI: Silicon-on-insulator

TC-SAW: Temperature-Controlled Surface Acoustic Wave

TCV: Thermal Coefficient of Velocity

TDD : Time Division Duplex

TDMA : Time Division Multiple Access

TD-SCDMA:Time Division Synchronous Code Division Multiple

Access

TOF: Time of flight

Tx : Transmit/Transmitter/Transmission

UHB: Ultra high band

UMTS:Universal Mobile Telecommunications System

VCSEL: verticaly cavity surface emitting laser

VED: Vacuum Electronic Devices

VGF: Vertical gradiaent freeze

VR: Virtual Reality

WCDMA: Wideband Code Division Multiple Access

WiMAX : Worldwide Interoperability for Microwave Access

WLAN: Wireless Local Area Network

MIMO: Multiple Input, Multiple Output

MMW : Millimeter Wave

MOCVD: Metallorganic Chemical Vapor Deposition

MODEM : Modulator/Demodulator

MQW: multiple quantum wells

MW : MicroWave

NIR: Near infrared

OCT: Optical coherence tomography

ODM : Original Design Manufacturer

OEM : Original Equipment Manufacturer

PA: power amplifier

PAE: Power added efficiency

PD: photodiode

PON: Passive optical network

PV : photovoltaic

RADAR : Radio Detection And Ranging

RAN: Radio Access Network

RAT: Radio Access Technologies

RFFE: RF Front-End

RGB: red green blue

ROI: Return on investment

ROY: Red-Orange-Yellow

SC: Semi conductive

SEL: surface emitting laser

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

9

Wafer Epiwafer Device ModuleEnd

Applications

REPORT OBJECTIVES (1/2)

Provide a clear understanding of the GaAs wafer and GaAs epiwafer market.

This report’s focus

RF

Photonics

LED

PV

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

10

REPORT OBJECTIVES (2/2)

Provide a clear understanding of the GaAs wafer and GaAs epiwafer market.

Analysis and description of the applicative markets:

• RF

• Photonique

• LED

• PV

Status of GaAs wafer growth and epi growth technology

• Technical description

Ecosystem identification and analysis:

• Determine market dynamics

• Key players by market and analysis

• Wafer and epi wafer Market size and market forecast in $M and Munits

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

11

EXCUTIVE MARKET – INTRODUCTION

• GaAs wafer market has been quiet in the last couple of years as the mobile handset market becomessaturate and the related GaAs RF PA market gives very limited growth.

• The situation has been changed as Apple introduce iPhone X with 3D sensing function using GaAsbased VCSELs.The event has attracted vast attention to GaAs again.

• Indeed, the photonics market, particularly driven by 3D sensing applications in the mobile phonemarket and the Lidar applications, will give new source of GaAs market growth in the next five years.

• But the GaAs market growth will not limited to the photonics applications, LED markets, driven by IRLED applications, automotive lighting, horticultural lighting and display applications will drive increasingvolume of GaAs wafers as well.

• Indeed, we are entering an new Era for GaAs wafer and epiwafer markets, shifting from GaAs RFdominating era to optoelectronic applications dominating era. Seeing the opportunities enabled by thenew era, the financial market is excited, the wafer suppliers and epiwafer suppliers are excited, theequipment suppliers are excited.

• Opportunities also bring challenges. Technically, the specification requirement is different and evolvingconstantly, The supply chain for new applications is under construction. Challengers are hoping tograsp market share from the leading suppliers.

• In this report, we invite you to discover with us what is happening and what is going to happen on thismarket full of opportunities.

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

12

GAAS INDUSTRY OVERVIEW

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

13

Semi Conductive waferSemi Insulating wafer

GAAS WAFER MARKET (2018 STATUS)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

14

TOTAL GAAS SUBSTRATE MARKET (M$)

Total GaAs wafer market is expected to be around XX by 2023 driven by photonics and ROY LED markets.

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

15

• What is the number of devices per application?

• What is the die size?

• What are the competitive technologies to GaAs?

• Yield?

Applicative markets

GaAsdevice

GaAswafer

METHODOLOGY OF MARKET ESTIMATION

What are the

market trends?

GaAs wafer GaAs epi

wafer

Top-down approach

Bottom-up approach

RF Photonics

LEDPV

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

16

APPLICATIONS OF GAAS BASED RF DEVICES

GaAs offersa wide range of RF applications owing to itshigh electron mobility and high power density.

• Handset PA

• Handset WLAN PAs• Non-handset WLAN PAs• WLAN Routers

• Defense• Data Broadcast• Wireless infrastructure

• RF Switch

RF

applications

on GaAs

substrate

Power

Amplifier

Others

Mobile

Handset

WLAN

RF Power

Applications

RF Switch

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

17

In the IR spectrum, GaAs based VCSELs and/or EELs are used for sensors and sources for short reach datacom/ telecom.

FROM PHOTONIC APPLICATIONS TO MATERIALS

Color Wavelength Active layer Substrate Applications

UVA/Blue/Green 375 to 510nm InAlGaN Sapphire, SiC, Si, GaN UV curing, general lighting, displays etc.

Yellow/Green 560 to 590nm GaP GaPIndicators, displays etc. Strong market potential if

efficiency can be increased to fill the green gap

Red/Orange/Yellow 580 to 640nm GaAsP GaP General lighting, displays etc.

Red/Orange/Yellow 565 to 660nm InGaAlP GaAs General lighting, displays etc.

Far red/IR 850 or 980 nm AlGaAs GaAs or AlGaAs2 Datacom applications

Far red/IR850 nm

940 nmGaAs/AlGaAs GaAs

3D Imaging & Sensing, proximity sensors ,

autofocus systems, optical mouse

IR 905 to 1200 nm GaAs GaAs Short distance communication, LIDAR

IR 1,050 to 1,060nm InGaAsP GaAs Optical telecommunication

IR 1,2 to 1,6µm InGaAsP InP Optical telecommunication

IR 1.6 to 2.4µm GaInAsSb/AlGaAsSb GaSb Medical and instrumentation

IR 2.5 to 5µm GaInAsSb/AlGaAsSb InAs Medical and instrumentation

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

18

Overview

MEDICAL DEVICES

Different applications with different requirements at the device level.

Ophthalmic (laser vision

correction, cataract treatment,

glaucoma treatment)

Dermatology &

cosmetic (wrinkles,

tattoos, hair … removal)

Surgical (general surgery,

photodynamic therapy,

revascularization, cardiovascular

photoablation, laser saw, prostatic

treatment)

Dental (tooth decay, biopsy

or lesion removal, teeth

whitening)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

19

AUTOMOTIVE LIGHTING APPLICATIONS

At a glance

As LED technology continues to improve and costs gradually decline, LED lights gain further automotive technology validation for replacing traditional technologies.

• In automotive ligthing, high-end LEDs are used since automotive qualificationstandards are stringent.

• Mid to high power GaAs Based ROY LEDs are mainly adopted in;

• interior lighting:

• Dashboards

• Ceiling lighting

• Personal and mirror lighting

• and exterior lighting:

• Taillight

• Brake lights

• Tail light strip

• Main drivers for LED integration in automotive are:

• Design flexibility (color saturation, size, weight).

• Long lifetime and fast response (enhanced safety).

• High efficiency/low energy consumption.

• Greater potential for new functionalities.

• Controllability (i.e. dimming, etc.).

• Health-friendly/eco-friendly.

• Main challenges:

• Xxx

• Xxx

• xxx

lighting signature of Renault Talisman (Left) and Megane (Right)

Source: Renault

Source: Hella - BMW X5

Taillight strip and brake lights having Red LEDs

Detailed information at Horticultural lighting: Technology Industry and Market Trends | 2017

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

20

SEMI-INSULATING AND SEMI-CONDUCTIVE GAAS

In SI GaAs wafers, the substrate should be insulated from the epi transistor devices formed on the top.

SI wafers do not use any dopants in the melt. Resistive properties are controlled via the amount of Carbon in the GaAs melt.

SI GaAs is used primarily to build Radio Frequency (RF) circuits because of its low noise, high frequency, high electron mobility, high current and high heat capabilities.

Semi Insulating

(SI) GaAs

SC ingots are created by adding to the GaAs melt conductive dopants such as:

• Si

• Te

• Zn

SC GaAs is used in optoelectronic devices such as LEDs and lasers as well as the photovoltaic devices.

Semi Conductive

(SC) GaAs

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

21

MAIN APPLICATIONS OF GAAS BASED DEVICES

While for RF applications Si GaAs wafers are used, for optoelectronic applications SC wafers are preferred.

• VSCELs

• EELs

• Photo diodes

Light Emitting

Diodes

• ROY LEDs

• IR LEDs

Photovoltaics

• HCPV

• Space solar

cells

• Emerging PV

Radio Frequency

Electronics

• WLAN

• Mobile Handset

• RF Power

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

22

GAAS SUBSTRATE SUPPLIERS

Classification by substrate type

A B C D E F G H I J K

Semi

conductive4" to 8" 2" to 6" 2" to 8" 2" to 4" 2" to 4" 2" to 6" 2" to 6" 2" to 6" 2" to 4" 2" to 4" 2" to 6"

Semi

insulative4" to 8" 2" to 6" 2" to 8" 2" to 4" 2" to 4" 2" to 6" 2" to 6" 2" to 6" 2" to 6" 2" to 4"

No

activity

VGF/VB

LEC

Dowa is a captive LED market and niche open market player

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

23

Overview• MBE involves thermal evaporation of

atoms or molecules onto a substrate

in an Ultra High Vacuum (UHV),

typically around 10-10 to 10-11 Torr.

• Material sources include pure

elemental solid i.e. effusion cells (Ga,

In, Be or Si) or gas (As, P, O, N etc.).

• The temperature and the flux of the

atoms/molecules influence the

crystalline quality, the growth rate

and the layer composition.

MBE

• High purity material

• Lower growth temperature enabling better control over

the layer interfaces and thickness

• High flexibility for material development and growth study

• Lower safety risk

• In-situ control of crystal growth at the atomic level

Benefits

Key Players for reactor production

Drawbacks

• Expensive equipment and operation cost

• Not efficient for mass production due to low growth rate

• Low downtime period

• Ultra-high vacuum environment needed

• Veeco (USA)

• Riber (FRA)

MBE is preferred in R&D environment for material development.

It also enables mass production for niche markets.

EPITAXIAL GROWTH METHODS

Molecular Beam Epitaxy

Riber MBE 7000 system with load capacity of 70 6” wafers

or 140 4” wafers for GaAs based pHEMT and HBT devices

(Riber)

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

24

FOCUS ON GAAS EPIWAFER FOR PHOTONIC APPLICATIONS

Discussion about outsourcing ratio

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

25

AIXTRON’S STOCK PRICING

Yole’s understanding

Financial market has seen the potential of the MOCVD markets.

As the current leader of GaAs photonics MOCVDs suppliers, the stock price of Aixtron has seenimportant increase,similar to what happen for IQE.

Source: London Stock Exchange

AIXTRON SE AIXTRON ORD SHS

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

26

ENTERING A NEW ERA

2023

2027

2017

LiDAR for Autonomous Individual Transport

• Personal vehicle (L4/L5)

RF dominate

Optoelectronic dominate

RF Market

dominate

$170M

GaAs wafer market size:

Optoelectronics –RF co-existe

$388MGaAs wafer market size:

Optoelectronics dominate

3D sensing handset

Handset PA

Display

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

27

RELATED REPORTS

GaAs Wafer and Epiwafer Market: RF, Photonics, LED and PV | Sample | www.yole.fr | ©2018

As one of the most mature compound semiconductors, GaAs has been ubiquitous as the building block of power amplifiers in every mobile handset. In 2018, the GaAs RF business represents more than 50% of the GaAs wafer market. However, market growth has slowed down in the past couple years due to the handset market’s gradual saturation and shrinking die size. With the transition from 4G to 5G, Yole Développement expects GaAs to remain the mainstream technology for sub-6 GHz instead of CMOS, owing to GaAs’ high power and linearity performance as required by carrier aggregation and MIMO technology.

Since 2017, GaAs wafer has been particularly notable in photonics applications. When Apple introduced its new iPhone X with a 3D sensing function using GaAs-based lasers, it paved the way for a significant boost in the GaAs photonics market. Yole Développement (Yole) expects GaAs wafers for photonics applications to grow at a CAGR of 37%

from 2017 - 2023 (in units), reaching around $150M by 2023.

GaAs-based red-orange-yellow (ROY) and infrared LED applications have also caught our attention. Yole expects an impressive 21% CAGR from 2017 - 2023 (in units) for the total GaAs LED market, surpassing more than half of GaAs wafer volume by 2023.

In terms of the wafer and epiwafer businesses, each application requires a different size and quality when determining wafer and epiwafer prices. As a new entrant, photonics applications will impose new specification requirements compared to the well-established RF and LED wafer and epiwafers, creating significant ASP diversity.

This report provides an overview of the GaAs wafer and epi wafer market size and market forecast in four big applicative markets: RF, Photonics, LED, and PV. This report also outlines Yole Développement’s understanding of the technical description of GaAs wafer and epiwafer growth, and the main challenges.

GaAs WAFER AND EPIWAFER MARKET: RF, PHOTONICS, LED, AND PV APPLICATIONSMarket & Technology report - July 2018

AFTER FINDING SUCCESS IN THE GaAs RF MARKET, GaAs PHOTONICS IS NOW A RISING STAR

Photonics applications are driving the GaAs wafer and epiwafer market into a new era.

KEY FEATURES• Market size for GaAs wafer, up

to 2023 ($M and units), split by RF, photonics, LED, and PV applications

• Market size for GaAs epiwafer, up to 2023 ($M and units), split by RF and photonics applications (VCSEL, EELs, etc.)

• GaAs wafer and epiwafer ASP• Description of the industrial

landscape covering GaAs wafer suppliers and epiwafer suppliers

• Outline of RF, photonics, LED, and PV applications

• MOCVD market estimate

(Yole Développement, July 2018)

GaAs PHOTONICS: SMARTPHONES TODAY, AUTOMOTIVE TOMORROW?

Today the GaAs wafer and epiwafer markets are entering a new era, with optoelectronic taking the limelight from GaAs RF applications. Not too long ago, GaAs photonics was a relatively tiny market whose principal application was data centers. But ever since the introduction of a 3D

sensing function using GaAs-based VCSELs in Apple’s iPhone X, GaAs VCSEL has attracted huge attention. Indeed, three sensor modules based on GaAs VCSELs are used in the iPhone X for facial recognition: 1) proximity sensor for activity/human detection; 2) flood illuminator for face and

GaAs substrate volume (6 inch equivalent) – From 2017 to 2023

4

3

2

1

02017 2023

RF LED Photonics PV

Photonic CAGR: 37%

In M

uni

ts

GaAs WAFER AND EPIWAFER MARKET: RF, PHOTONICS, LED, AND PV APPLICATIONS

INDUSTRIAL PLAYERS ARE EMBRACING THIS NEW ERA

The GaAs photonics market’s remarkable growth potential will offer plenty of value chain opportunities for wafer, epiwafer, and MOCVD equipment suppliers, as well as for investors.

In terms of GaAs wafer supply, Sumitomo Electric, Freiberger Compound Materials, and AXT lead the market with about 95% of market share collectively. And since new laser applications have very high specification requirements for GaAs wafer that are constantly evolving, Yole analysts’ expect the top players to maintain their technical advantage for at least another 3 - 5 years. Meanwhile, Chinese GaAs wafer suppliers like Vital Materials, which have grabbed part of the LED market from the leading suppliers, are expected to increase their share thanks to LED markets.

For GaAs epiwafer production, there are different business models. The GaAs LED market is principally vertically integrated, with very well-established IDMs like Osram, San’an, Epistar, and Changelight. On the other hand, GaAs RF businesses outsource significantly from well-established epihouses. Over the last number of years, the GaAs RF epi business has gone through many consolidations, resulting in four major actors today: IQE, VPEC, Sumitomo Chemicals (including Sumitomo Chemical Advanced Technologies and SCIOCS), and IntelliEPI.

Regarding the GaAs photonics market, the epi business is still applications-dependent. The GaAs datacom market is mostly epi-integrated, with dominant IDMs like Finisar, Avago, and II-VI. For 3D sensing in smartphones, epi outsourcing is significant.

eye detection in daytime or night; and 3) dot projector for facial recognition. With the potential adoption of this technology by Android platforms, Yole analysts’ expect the GaAs wafer market segment to grow at a remarkable 58% CAGR from 2017 - 2023.

Moreover, the GaAs photonics market is not limited to VCSEL applications. LiDAR is a key technology allowing the creation of a 3D map of surroundings for autonomous vehicles and robotics. This emerging application uses high power and large-size, GaAs-based edge-emitting laser (EEL) devices, which will represent an incredible boost for the GaAs photonics wafer market.

Along with the GaAs photonics wafer market’s remarkable growth, ROY and infrared LEDs on GaAs substrate are expected to evince strong growth potential. Large display, automotive, and horticultural lighting applications are main drivers for red LEDs, posting a CAGR 2017 - 2023 of 21% (in $M) for the ROY GaAs wafer market. Similarly, GaAs-based IRLEDs used in medical sensors for blood pressure and blood sugar, as well as proximity sensors for gesture recognition in smartphones and automotive, are growing market segments.

Yole invites you to read its analysis and detailed description of each market segment, along with an overview of technology trends and ecosystem identification.

Evolution of the GaAs industry, from 2017 to 2027By market segment

(Yole Développement, July 2018)

GaAs industry – 2017 overview*

(Yole Développement, July 2018)

2

2023

2027

2017

LiDAR for Autonomous Individual Transport

Personal vehicle (L4/L5)

RF dominate

Optoelectronic dominate

RF Market dominate

$170M

GaAs wafer market size: Optoelectronics –RF co-existe

$388MGaAs wafer market size: Optoelectronics dominate

3D sensing handset

Handset PA

Display

GaAs substrate suppliers

GaAs epiwafers suppliers

RF: Epi+device supplier

RF: Device suppliers

Photonics: Epi+device suppliers

Photonics: Device suppliers

LEDs: Epi+device suppliers

PV: Epi+device suppliers

Photonic

LEDsPV

RF

*Non-exhaustive list of companiesNote: The area in the figure is not representiveof the size of the applicative market..

MARKET & TECHNOLOGY REPORT

COMPANIES CITED IN THE REPORT (non exhaustive list)AXT, Alight Technologies, Alta Devices, AMS, Apple, APT Elctronics, Arima, Avago, AWSC, Broadcom, Bridgelux, Changelight, China Crystal Technologies, CMK, Dowa, Epistar, Epitex, Finisar, Flir, Freiberger Compound Materials, Fuji Xerix, GCS, HC Semitek, Hexawave, Hiwafer, Huntersun, II-VI Epiworks, Inneas, IntelliEPI, IQE, Landmark, Lasertel, Lumentum, Lumileds, Masimo,, Mediatek, Microlink Devices, Mitsubishi Chemical, Nichia, Optowell Korea, Osram, Philips Photonics, Qorvo, Qualcomm, RayCan, RDA, Ricoh, Sanan IC, Santec, SCIOCS, Semiconductor Wafer Inc., Skyworks, Solaero, Sony, Sumitomo Chemical Advanced Technologies, Sumitomo Electric, Thorlabs, Trilumina, True light Corp.,TT Electronics, UMS, Vanchip, Vertilas, Vital Materials, VPEC, Win Semiconductor, Xiamen Powerway, Yunnan Germanium and more.

Executive summary 11

GaAs RF market 43

> GaAs RF applicative market overview> GaAs RF supply chain and wafer market> GaAs substrate volume for RF applications

(2017 - 2023)> GaAs substrate market size for RF applications ($m)

GaAs photonics market 104

> GaAs photonics applicative market - overview> GaAs substrate volume for the photonics market

(2017 - 2023)> GaAs substrate market for the photonics market ($M)

GaAs LED market 164

> GaAs LED applicative market - overview> GaAs substrate market size for LEDs ($M)> GaAs substrate volume for LED applications

(2017 - 2023)

GaAs PV market 200

> GaAs PV applicative market - overview> GaAs substrate volume for PV applications (units)> GaAs substrate market size for PV applications ($M)

GaAs wafer technology & market 223

> GaAs substrate - growth evolution> GaAs wafer suppliers - estimated market share> Total GaAs substrate volume in Kunits

(2017 - 2023)> Total GaAs substrate market ($M) (2017 vs. 2023)

GaAs epiwafer technology & market 251

> Discussion concerning the epi business model> Total GaAs epiwafer volume, in units (2017 - 2023)> Total GaAs epiwafer market size ($M)> GaAs RF epiwafer players - estimated market

share (open market) > Estimated GaAs RF epiwafer share (open market)> Estimated GaAs photonics epiwafer shares (open

market)> Focus on VCSEL epi> Can LED players succeed in the photonics market? > Impact of photonics applications on the epiwafer

market> MOCVD market estimate

Discussions & conclusions 284

> GaAs industry overview

TABLE OF CONTENTS (complete content on i-Micronews.com)

OBJECTIVES OF THE REPORTDetermination of GaAs wafer and epiwafer market dynamics:• Technical description of GaAs wafer growth and epi growth technology• Wafer and epi wafer market size and market forecast, in $M and Munits• Ecosystemidentificationandanalysis• Key players, by market• Main technical challengesAnalysis and description of the markets and technologies involved:• Technical market segmentation focused on four big applicative markets: RF, Photonics, LED, PV• Market trends and forecast• Technology trends • Major players worldwide

AUTHORSAs a Technology & Market Analyst, Compound Semiconductors, Dr. Ezgi Dogmus is member of the Power & Wireless division at Yole Développement (Yole). She is daily contributing to the development of these activities with a dedicated collection of market & technology reports as well as custom consulting projects. Prior Yole, Ezgi was deeply involved in the development of GaN-based solutions at IEMN (Lille, France). Ezgi also participated in numerous international conferences and has authored or co-authored more than 12 papers.Upon graduating from University of Augsburg (Germany) and Grenoble Institute of Technology (France), Ezgi received her PhD in Microelectronics at IEMN (France).

Find more details about

this report here:

Dr. Hong Lin works at Yole Développement (Yole), as a Technology and Market Analyst, Compound Semiconductors within the Power & Wireless division since 2013. She is specialized in compound semiconductors and provides technical and economic analysis. Before joining Yole Développement, she worked as R&D engineer at Newstep Technologies. She was in charge of the development of cold cathodes by PECVD for visible and UV lamp applications based on nanotechnologies. She holds a Ph.D in Physics and Chemistry of materials.

In 2017, Apple’s supplier Lumentum used IQE as its VCSEL epi supplier. This resulted in an almost 10x increase in IQE’s stock price. Other leading GaAs epihouses are in qualification or ramping up. Yole expects the photonic epiwafer market to behave similar to the GaAs RF epiwafer market.

This report provides an overview of the GaAs industrial landscape, covering the value chain from wafer and epitaxy to device. Also, this report outlines Yole Développement’s understanding of the market’s current dynamics and future evolution.

RELATED REPORTSBenef i t f rom our Bundle & Annual Subscription offers and access our analyses at the best available price and with great advantages

• 5G’s Impact on RF Front-End Module and Connectivity for Cell Phones 2018 LIDAR

• Automotive Lighting: Technology, Industry and Market Trends 2017

• Apple iPhone X – Infrared Dot Projector• VCSELs - Technology, Industry and Market

Trends

Find all our reports on www.i-micronews.com

ORDER FORMGaAs Wafer and Epiwafer Market: RF, Photonics, LED, and PV applications

SHIPPING CONTACT

First Name:

Email:

Last Name:

Phone:

PAYMENT

BY CREDIT CARD Visa Mastercard Amex

Name of the Card Holder:

Credit Card Number:

Card Verification Value (3 digits except AMEX: 4 digits): Expiration date:

BY BANK TRANSFERBANK INFO: HSBC, 1 place de la Bourse, F-69002 Lyon, France, Bank code: 30056, Branch code: 00170Account No: 0170 200 1565 87, SWIFT or BIC code: CCFRFRPP, IBAN: FR76 3005 6001 7001 7020 0156 587

RETURN ORDER BY • FAX: +33 (0)472 83 01 83• MAIL: YOLE DÉVELOPPEMENT, Le Quartz,

75 Cours Emile Zola, 69100 Villeurbanne/Lyon - France

SALES CONTACTS • Western US & Canada - Steve Laferriere:

+ 1 310 600-8267 – laferriere@yole.fr• Eastern US & Canada - Troy Blanchette:

+1 704 859 0453 – troy.blanchette@yole.fr• Europe & RoW - Lizzie Levenez:

+ 49 15 123 544 182 – levenez@yole.fr• Japan & Rest of Asia - Takashi Onozawa:

+81 34405-9204– onozawa@yole.fr• Greater China - Mavis Wang:

+886 979 336 809 – wang@yole.fr• Specific inquiries: +33 472 830 180 – info@yole.fr

(1) Our Terms and Conditions of Sale are available at www.yole.fr/Terms_and_Conditions_of_Sale.aspx The present document is valid 24 months after its publishing date: July 12, 2018

/

ABOUT YOLE DEVELOPPEMENT

BILL TO

Name (Mr/Ms/Dr/Pr):

Job Title:

Company:

Address:

City:

State:

Postcode/Zip:

Country*:

*VAT ID Number for EU members:

Tel:

Email:

Date:

PRODUCT ORDER - Ref YD18029Please enter my order for above named report: One user license*: Euro 5,990 Multi user license: Euro 6,490- The report will be ready for delivery from July 28, 2018- For price in dollars, please use the day’s exchange rate. All reports are

delivered electronically at payment reception. For French customers, add 20% for VAT

I hereby accept Yole Développement’s Terms and Conditions of Sale(1)

Signature:

*One user license means only one person at the company can use the report.

Founded in 1998, Yole Développement has grown to become a group of companies providing marketing, technology and strategy consulting, media and corporate finance services, reverse engineering and reverse costing services and well as IP and patent analysis. With a strong focus on emerging applications using silicon and/or micro manufacturing, the Yole group of companies has expanded to include more than 80 collaborators worldwide covering MEMS and image sensors, Compound Semiconductors, RF Electronics, Solid-state lighting, Displays, Software, Optoelectronics, Microfluidics & Medical, Advanced Packaging, Manufacturing, Nanomaterials, Power Electronics and Batteries & Energy Management.The “More than Moore” market research, technology and strategy consulting company Yole Développement, along with its partners System Plus Consulting, PISEO and KnowMade, support industrial companies, investors and R&D organizations worldwide to help them understand markets and follow technology trends to grow their business.

CONSULTING AND ANALYSIS• Market data & research, marketing analysis• Technology analysis• Strategy consulting• Reverse engineering & costing• Patent analysis• Design and characterization of innovative optical systems• Financial services (due diligence, M&A with our partner)More information on www.yole.fr

MEDIA & EVENTS• i-Micronews.com website & related @Micronews e-newsletter• Communication & webcast services• Events: TechDays, forums…More information on www.i-Micronews.com

REPORTS• Market & technology reports• Patent investigation and patent infringement risk analysis• Teardowns & reverse costing analysis• Cost simulation toolMore information on www.i-micronews.com/reports

CONTACTSFor more information about :• Consulting & Financial Services: Jean-Christophe Eloy (eloy@yole.fr)• Reports: David Jourdan (jourdan@yole.fr) Yole Group of Companies• Press Relations & Corporate Communication: Sandrine Leroy (leroy@yole.fr)

© 2018

Yole Développement

From Technologies to Market

Source: Wikimedia Commons

2©2018 | www.yole.fr | About Yole Développement

YOLE DEVELOPPEMENT – 4 DIVISIONS

Life Sciences

& Healthcare o Microfluidic

o BioMEMS

o Inkjet Printing

o Solid-State Medical Imaging& BioPhotonics

o BioTechnologies

Power

& Wireless

o RF Devices&Technology

o Compound Semiconductors& Emerging Materials

o Power Electronics

o Batteries & Energy Management

Semiconductor

& Software o Package &Assembly & Substrates

o SemiconductorManufacturing

o Memory

o Software & Computing

Photonics,

Sensing & Display

o Solid-State Lighting & Display

o MEMS,Sensors & Actuators

o Imaging

o Photonics & Optoelectronics

Semiconductor

& Software

Power & Wireless

Photonics,

Sensing

& Display

Life

Sciences &

Healthcare

3©2018 | www.yole.fr | About Yole Développement

3 BUSINESS MODELS

o Consulting and Analysis

• Market data & research,

marketing analysis

• Technology analysis

• Strategy consulting

• Reverse engineering & costing

• Patent analysis

• Design and characterization of

innovative optical systems

• Financial services (due diligence,

M&A with our partner)

www.yole.fr

o Syndicated reports

• Market & technology reports

• Patent investigation and patent

infringement risk analysis

• Teardowns & reverse costing

analysis

• Cost simulation tool

www.i-Micronews.com/reports

o Media

• i-Micronews.com website

• @Micronews e-newsletter

• Communication & webcast

services

• Events: TechDays, forums,…

www.i-Micronews.com

4©2018 | www.yole.fr | About Yole Développement

6 COMPANIES TO SERVE YOUR BUSINESS

Due diligence

www.yole.fr

Manufacturing costs analysis

Teardown and reverse engineering

Cost simulation tools

www.systemplus.fr

Market, technology and strategy

consulting

www.yole.fr

IP analysis

Patent assessment

www.knowmade.fr

Innovation and business maker

www.bmorpho.com

Design and characterization of

innovative optical systems

www.piseo.fr

Yole Group of Companies

5©2018 | www.yole.fr | About Yole Développement

OUR GLOBAL ACTIVITY

30%of our business

40%of our business 30%

of our business

Greater

China office

Yole Japan

HQ in Lyon

Nantes

Paris

Nice

Vénissieux

Europe office

Frankfurt

Hsinchu

Tokyo

Yole Inc.

Phoenix

Yole Korea

Seoul

Palo Alto

6©2018 | www.yole.fr | About Yole Développement

ANALYSIS SERVICES - CONTENT COMPARISON

Technology

and Market

Report

Leadership

Meeting

Q&A

Service

Depth of the analysis

Bre

adth

of th

e a

nal

ysis

Meet the

Analyst

Custom

Analysis

High

High

Low

7©2018 | www.yole.fr | About Yole Développement

SERVING THE ENTIRE SUPPLY CHAIN

Our analysts provide market analysis,

technology evaluation,

and business plans along the entire

supply chain

Integrators, end-

users and software

developpers

Device manufacturers

Suppliers: material, equipment,

OSAT, foundries…

Financial investors, R&D centers

8©2018 | www.yole.fr | About Yole Développement

SERVING MULTIPLE INDUSTRIAL FIELDS

We workacross

multiples industries to understand

the impact of More-than-

Moore technologies from deviceto system

From A to Z…

Transportation

makers

Mobile phone

and

consumer

electronics

Automotive

Medical

systems

Industrial

and defense

Energy

management

9©2018 | www.yole.fr | About Yole Développement

o Yole Développement, System Plus Consulting, KnowMade and PISEO, all part of Yole Group of Companies, keep on increasing their collaboration to offer, in 2018, a

collection of 150+ reports. Combining respective expertise and methodologies from the 4 companies, the reports aim to provide market & technology analysis, patent

investigation and patent infringement risk analysis, teardowns & reverse costing analysis.They cover:

o You are looking for:

• An analysis of your product market

• A review of your competitors evolution

• An understanding of your manufacturing and production costs

• An understanding of your industry technology roadmap and related IPs

• A clear view on the evolution of the supply chain…

Our reports are for you!

The combined team of 60+ experts (PhDs, MBAs, industry veterans…) from Yole Développement, System Plus Consulting, KnowMade and PISEO, collect information,identify the trends, the challenges, the emerging markets, the competitive environments and turn it into results to give you a complete picture of your industrylandscape.

In the past 20 years, we worked on more than 1 700 projects, interacting with technology professionals and high level opinion makers from the main players of theindustry.

o In 2018, Yole Group of Companies plan to publish +150 reports.Gain full benefit from our Bundled Offer and receive at least a 36% discount.

REPORTS COLLECTION

www.i-Micronews.com

• MEMS & Sensors

• RF devices & technologies

• Imaging

• Medical technologies (MedTech)

• Photonics

• Advanced packaging

• Manufacturing

• Advanced substrates

• Power electronics

• Batteries and energy management

• Compound semiconductors

• Solid state lighting

• Displays

• Software

• Memory

10©2018 | www.yole.fr | About Yole Développement

OUR 2018 REPORTS COLLECTION (1/4)

MEMS & SENSORS

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Status of the MEMS Industry 2018 – Update

− Silicon Photonics 2018 – Update

− Consumer Biometrics: Hardware & Software 2018 – Update

− Inkjet Functional and Additive Manufacturing for Electronics 2018

− Fingerprint Sensor Applications and Technologies – Consumer Market Focus 2017

− Sensors and Sensing Modules for Smart Homes and Buildings 2017

− Acoustic MEMS and Audio Solutions 2017

− MEMS & Sensors for Automotive Market & Technology Trends 2017

− High End Inertial Sensors 2017

− Magnetic Sensor 2017

o REVERSE COSTING® – STRUCTURE, PROCESS & COST REPORT– by System Plus Consulting

− Piezo MEMS 2018 *

o PATENT ANALYSES – by KnowMade

− MEMS Microphone – Patent Landscape Analysis

− Knowles MEMS Microphones in Apple iPhone 7 Plus – Patent-to-Product

Mapping 2017

o LINKED REPORTS – by Yole Développement, System Plus Consulting and KnowMade

− MEMS Pressure Sensor 2018 – Market & Technology Report

− MEMS Pressure Sensor Comparison 2018 – Structure, Process & Cost Report

− Gas & Particles 2018 – Market & Technology Report

− Gas & Particles Comparison 2018 – Structure, Process & Cost Report

− LiDARs for Automotive and Industrial Applications 2018 – Market & Technology Report

− LiDAR for Automotive 2018 – Patent Landscape Analysis

− MEMS Packaging 2017 – Market & Technology Report

− MEMS Packaging Comparison 2017 – Structure, Process & Cost Report

RF DEVICES AND TECHNOLOGIES

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Wireless technologies (Radar, V2X) for Automotive 2018

− RF Standards and Technologies for Connected Objects 2018

− RF & Photonic Components & Technologies for 5G Infrastructure 2018

o REVERSE COSTING® – STRUCTURE, PROCESS & COST REPORT– by System Plus Consulting

− Automotive Radar Comparison 2018

o PATENT ANALYSES – by KnowMade

− RF Acoustic Wave Filters 2017 – Patent Landscape Analysis

o LINKED REPORTS – by Yole Développement, System Plus Consulting and KnowMade

− 5G impact on RF Front End Modules and Connectivity for Cellphones 2018 – Market

& Technology Report – Update

− RF Front-End Module Comparison 2018 – Structure, Process & Cost Report

− RF Front End Modules for Cellphones 2018 – Patent Landscape Analysis

− Advanced RF System-in-Package for Cellphones 2018 – Market & Technology Report – Update*

− Advanced RF SiPs for Cell Phones Comparison 2017 – Structure, Process

& Cost Report

− RF GaN Market: Applications, Players, Technology, and Substrates 2018-2023 Market & Technology Report – Update

− RF GaN Comparison 2018* – Structure, Process & Cost Report

− RF GaN 2018 – Patent Landscape Analysis

SOFTWAREo MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Consumer Biometrics: Sensors & Software 2018 – Update

− Processing Hardware and Software for AI 2018 - Vol. 1 & 2

− From Image Processing to Deep Learning, Introduction to Hardware and Software

Update : 2017 version still available / *To be confirmed

11©2018 | www.yole.fr | About Yole Développement

OUR 2018 REPORTS COLLECTION (2/4)

IMAGING & OPTOELECTRONICS

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Status of the Compact Camera Module and Wafer Level Optics

− Industry 2018 – Update

− 3D Imaging and Sensing 2018 – Update

− Sensors for Robotic Vehicles 2018

− Machine Vision for Industry and Automation 2018

− Imagers and Detectors for Security and Smart Buildings 2018

− Uncooled Infrared Imagers 2017

o PATENT ANALYSES – by KnowMade

− iPhone X Dot Projector – Patent-to-Product Mapping

o LINKED REPORTS – by Yole Développement, System Plus Consulting and KnowMade

− Status of the CMOS Image Sensor Industry 2018 – Market & Technology Report -Update

− CMOS Image Sensor Comparison 2018 – Structure, Process & Cost Report

− CMOS Image Sensors Monitor 2018* – Quaterly Update**

− Camera Module 2017 – Market & Technology Report

− Compact Camera Module Comparison 2018 – Structure, Process & Cost Report

− LiDARs for Automotive and Industrial Applications 2018 – Market & Technology

Report

− LiDAR for Automotive 2018 – Patent Landscape Analysis

ADVANCED PACKAGING

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Status of Advanced Packaging Industry 2018 – Update

− Status of Advanced Substrates 2018: Embedded Die and Interconnects, Substrate Like PCB Trends

− 3D TSV and Monolithic Business Update 2018 – Update

− Power Modules Packaging 2018 – Update

− Discrete Power Packaging 2018 – Update*

− Status of Panel Level Packaging 2018

− Trends in Automotive Packaging 2018

− Hardware and Software for AI 2018 - Vol. 1 & 2

− Integrated Passive Devices (IPD) 2018

− Thin-Film Integrated Passive Devices 2018

− Memory Packaging Market and Technology Report 2018 – Update*

o PATENT ANALYSES – by KnowMade

− Hybrid Bonding for 3D Stack – Patent Landscape Analysis

o LINKED REPORTS– by Yole Développement and System Plus Consulting

− Advanced RF System-in-Package for Cellphones 2018 – Market & Technology Report -Update*

− Advanced RF SiPs for Cell Phones Comparison 2017 – Structure, Process

& Cost Report

− Fan-Out Packaging 2018 – Market & Technology Report – Update*

− Fan-Out Packaging Comparison 2018* – Structure, Process & Cost Report

MANUFACTURING

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Wafer Starts for More Than Moore Applications 2018

− Equipment for More than Moore: Technology & Market Trends for Lithography & Bonding/Debonding 2018

− Polymeric Materials for wafer-level Advanced Packaging 2018

− Laser Technologies for Semiconductor Manufacturing 2017

− Glass Substrate Manufacturing in the Semiconductor Field 2017

− Equipment and Materials for Fan-Out Packaging 2017

− Equipment and Materials for 3D TSV Applications 2017

o LINKED REPORTS – by Yole Développement and System Plus Consulting

− Equipment for More than Moore: Technology & Market Trends for

Lithography & Bonding/Debonding 2018 – Market & Technology Report

− Wafer Bonding Comparison 2018 – Structure, Process & Cost Report

Update : 2017 version still available / *To be confirmed

12©2018 | www.yole.fr | About Yole Développement

OUR 2018 REPORTS COLLECTION (3/4)MEMORY

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Emerging Non Volatile Memory 2018 – Update

− Memory Packaging Market and Technology Report 2018 – Update*

o QUARTERLY UPDATE – by Yole Développement**

− Memory Market Monitor 2018 (NAND & DRAM)

o MONTHLY UPDATE – by Yole Développement**

− Memory Pricing Monitor 2018 (NAND & DRAM)

o REVERSE ENGINEERING & COSTING REVIEW – by System Plus Consulting

− DRAM Technology & Cost Review 2018

− NAND Memory Technology & Cost Review 2018

o PATENT ANALYSES – by KnowMade

− 3D Non-Volatile Memories – Patent Landscape

COMPOUND SEMICONDUCTORS

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Status of Compound Semiconductor Industry 2018*

− GaAs Materials, Devices and Applications 2018

− InP Materials, Devices and Applications 2018

− Bulk GaN Substrate Market 2017

o LINKED REPORTS – by Yole Développement, System Plus Consulting and KnowMade

− Power SiC 2018: Materials, Devices, and Applications – Market & Technology

Report – Update

− SiC Transistor Comparison 2018 – Structure, Process & Cost Report

− Power SiC 2018 – Patent Landscape Analysis

− Power GaN 2018: Materials, Devices, and Applications – Market & Technology Report – Update

− GaN-on-Silicon Transistor Comparison 2018 – Structure, Process & Cost Report

− Status of the GaN IP – Patent Watch 2018 & Patent Activity 2017

− RF GaN Market: Applications, Players, Technology, and Substrates 2018-2023

– Market & Technology Report – Update

− RF GaN – Patent Landscape Analysis

POWER ELECTRONICS

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Status of Power Electronics Industry 2018 – Update

− Discrete Power Packaging 2018 – Update*

− Power Electronics for Electric Vehicles 2018 – Update

− Integrated Passive Devices (IPD) 2018

− Wireless Charging Market Expectations and Technology Trends 2018

− Thermal Management Technology and Market Perspectives in Power

− Electronics and LEDs 2017

− Gate Driver 2017

− Power MOSFET 2017

− IGBT 2017

− Market Opportunities for Thermal Management Components in Smartphones 2017

o LINKED REPORTS – by Yole Développement, System Plus Consulting

and KnowMade

− Power Modules Packaging 2018 – Market & Technology Report – Update

− Automotive Power Module Packaging Comparison 2018 – Structure, Process & Cost Report

− Power ICs Market Monitor 2018 – Quaterly Update**

− Power ICs Market Comparison 2018* – Structure, Process & Cost Report

BATTERY AND ENERGY MANAGEMENTo MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Li-ion Battery Packs for Automotive and Stationary Storage Applications 2018 –Update

o PATENT ANALYSES – by KnowMade

− Status of the Battery Patents – Patent Watch 2018 & Patent Activity 2017

o LINKED REPORTS – by Yole Développement and KnowMade

− Solid State Electrolyte Battery 2018 – Market & Technology Report

− Solid-State Batteries 2018 – Patent Landscape Analysis

Update : 2017 version still available / *To be confirmed / ** Can not be selected within an Annual Subscription offer

13©2018 | www.yole.fr | About Yole Développement

OUR 2018 REPORTS COLLECTION (4/4)

SOLID STATE LIGHTING

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− IR LEDs and Lasers 2018: Technology, Industry and Market Trends – Update

− Automotive Lighting 2018: Technology, Industry and Market Trends – Update

− UV LEDs 2018: Technology, Industry and Market Trends – Update

− LiFi: Technology, Industry and Market Trends

− LED Lighting Module Technology, Industry and Market Trends 2017

− CSP LED Lighting Modules

− Phosphors & Quantum Dots 2017 - LED Downconverters for Lighting & Displays

− Horticultural Lighting 2017

o LINKED REPORTS – by Yole Développement and System Plus Consulting

− VCSELs 2018: Technology, Industry and Market Trends – Market & Technology Report

− VCSELs Comparison 2018 – Structure, Process & Cost Report

DISPLAYS

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− Quantum Dots and Wide Color Gamut Display Technologies 2018 – Update

− Displays and Optical Vision Systems for VR/AR/MR 2018

− MicroLED Displays 2018 – Market & Technology Report – Update

o PATENT ANALYSES – by KnowMade

− MicroLED Display – Patent Landscape Analysis

MEDTECH

o MARKET AND TECHNOLOGY REPORT – by Yole Développement

− BioMEMS & Non Invasive Emerging Biosensors: Microsystems for Medical

− Applications 2018 – Update

− Point-of-Need Testing Application of Microfluidic Technologies 2018 – Update

− Neurotechnologies and Brain Computer Interface 2018

− CRISPR-Cas9 Technology: From Lab to Industries 2018

− Ultrasound technologies for Medical, Industrial and Consumer 2018

− Inkjet Functional and Additive Manufacturing for Electronics 2018

− Liquid Biopsy: from Isolation to Downstream Applications 2018

− Chinese Microfluidics Industry 2018

− Scientific Cameras for the Life Sciences & Analytical Instrumentation

Laboratory Markets 2018*

− Artificial Organ Technology and Market 2017

− Connected Medical Devices Market and Business Models 2017

− Status of the Microfluidics Industry 2017

− Organs-On-Chips 2017

− Solid-State Medical Imaging 2017

− Medical Robotics Market & Technology Analysis 2017

o PATENT ANALYSES – by KnowMade

− Microfluidic IC Cooling – Patent Landscape

− Circulating Tumor Cell Isolation – Patent Landscape

− OCT Medical Imaging – Patent Landscape

− Pumps for Microfluidic Devices – Patent Landscape 2017

− Microfluidic Technologies for Diagnostic Applications – Patent Landscape 2017

− FLUIDIGM – Patent Portfolio Analysis 2017

− Consumer Physics SCiO Molecular Sensor – Patent-to-Product Mapping 2017

o LINKED REPORTS – by Yole Développement, System Plus Consulting and KnowMade

− Organs-On-Chips 2017 – Market & Technology Report

− Organ-on-a-Chip – Patent Landscape Analysis

Update : 2017 version still available / *To be confirmed

14©2018 | www.yole.fr | About Yole Développement

OUR 2017 PUBLISHED REPORTS LIST (3/3)

OUR PARTNERS’ REPORTS

PATENT ANALYSES – by KnowMade

− Wireless Charging Patent Landscape Analysis

− RF Acoustic Wave Filters Patent Landscape Analysis

− NMC Lithium-Ion Batteries Patent Landscape Analysis

− Pumps for Microfluidic Devices Patent Landscape

− III-N Patent Watch

− FLUIDIGM Patent Portfolio Analysis

− Knowles MEMS Microphones in Apple iPhone 7 Plus Patent-to-Product Mapping 2017

− Consumer Physics SCiO Molecular Sensor Patent-to-Product Mapping

− Patent Licensing Companies in the Semiconductor Market - Patent Litigation Risk and Potential Targets

− Microfluidic Technologies for Diagnostic Applications Patent Landscape

TEARDOWN & REVERSE COSTING – by System Plus Consulting

More than 60 teardowns and reverse costing analysis and cost simulation tools published in 2017

MORE INFORMATION

o All the published reports from theYole Group of Companies are available on our website www.i-Micronews.com.

o Ask for our Bundle Subscription offers: With our bundle offer, you choose the number of reports you are interested in and select the related offer. You then haveup

to 12 months to select the required reports from the Yole Développement, System Plus Consulting and KnowMade offering. Pay once and receive the reports

automatically (multi-user format). Contact your sales team according to your location (see the last slide).

15©2018 | www.yole.fr | About Yole Développement

MICRONEWS MEDIA

o About Micronews Media

To meet the growing demand for market,

technological and business information,

Micronews Media integrates several tools able

to reach each individual contact within its

network.We will ensure you benefit from this.

ON L I N E ON S I T E I N PE R S ON

@Micronews e-newsletter

i-Micronews.com

i-Micronewsjp.com

FreeFullPDF.com

Events Webcasts

Unique, cost-effective ways

to reach global audiences.

Online display advertising

campaigns are great strategies

for improving your

product/brand visibility. They

are also an efficient way to

adapt with the demands of the

times and to evolve an effective

marketing plan and strategy.

Brand visibility, networking

opportunities

Today's technology makes it

easy for us to communicate

regularly, quickly, and

inexpensively – but when

understanding each other is

critical, there is no substitute

for meeting in-person.Events

are the best way to exchange

ideas with your customers,

partners, prospects while

increasing your brand/product

visibility.

Targeted audience

involvement equals clear,

concise perception of your

company’s message.

Webcasts are a smart,

innovative way of

communicating to a wider

targeted audience. Webcasts

create very useful, dynamic

reference material for

attendees and also for

absentees, thanks to the

recording technology.

Benefit from the i-Micronews.com

traffic generated by the 11,200+

monthly unique visitors, the

10,500+ weekly readers of

@Micronew se-newsletter

Several key events planned for

2018 on different topics to

attract 120 attendees on average

Gain new leads for your business

from an average of 340

registrants per webcast

Contact: Camille Veyrier (veyrier@yole.fr), Marketing & Communication Project Manager

16©2018 | www.yole.fr | About Yole Développement

CONTACT INFORMATION

o CONSULTING AND SPECIFIC ANALYSIS, REPORT

BUSINESS

• North America:

• Steve LaFerriere, Senior Sales Director for Western US &

Canada

Email: laferriere@yole.fr – + 1 310 600-8267

• Troy Blanchette, Senior Sales Director for Eastern US &

Canada

Email: troy.blanchette@yole.fr – +1 704 859-0453

• Japan & Rest of Asia:

• Takashi Onozawa, General Manager, Asia Business

Development (Korea, Singapore, India & ROA)

Email: onozawa@yole.fr - +81 34405-9204

• Miho Othake, Account Manager (Japan)

Email: ohtake@yole.fr - +81 3 4405 9204

• Itsuyo Oshiba, Account Manager (Japan)

Email: oshiba@yole.fr - +81-80-3577-3042

• Greater China: Mavis Wang, Director of Greater China Business

Development

Email: wang@yole.fr - +886 979 336 809

• Europe: Lizzie Levenez, EMEA Business Development Manager

Email: levenez@yole.fr - +49 15 123 544 182

• RoW: Jean-Christophe Eloy, CEO & President, Yole Développement

Email eloy@yole.fr - +33 4 72 83 01 80

o FINANCIAL SERVICES (in partnershipwith Woodside

Capital Partners)

• Jean-Christophe Eloy, CEO & President

Email: eloy@yole.fr - +33 4 72 83 01 80

• Ivan Donaldson, VP of Financial Market Development

Email: ivan.donaldson@yole.fr - +1 208 850 3914

o GENERAL

• Public Relations: leroy@yole.fr - +33 4 72 83 01 89

• Email: info@yole.fr - +33 4 72 83 01 80

Follow us on