Swedish Swegan Expands Production to 40,000 Wafers Per Year | ZONSAN

2023-03-03 Swedish SweGaN expands production to 40,000 wafers per year

On March 2, Swedish company SweGaN announced that they are building a new headquarters, including a large-scale semiconductor production facility, at the Innovative Materials Cluster in Linköping, Sweden.

The project, scheduled for completion by the end of the second quarter of this year, will deploy innovative manufacturing processes for high-volume production of next-generation GaN-on-SiC engineered epitaxial wafers, with an expected annual capacity of up to 40,000 4/6-inch epitaxial wafers, according to the report.

The expansion project was already backed by a €12 million (~Rmb83 million) Series A financing in September 2022 to meet market demand from major suppliers of 5G base stations, defense radar, low-orbit satellite communications and electric vehicle on-board chargers. Previously in July 2022, SweGaN also received an investment for a similar amount (approximately RMB 82.16 million), which will be used to expand the number of employees and build a new production line.

SweGaN said in 2022 that it expects the company's annual turnover to increase from SEK 17 million in 2021 to SEK 200 million (about 130 million yuan) in a few years, with a revenue target of "billions".