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STMicroelectronics NV (STM) Q2 2021 Earnings Call Transcript

Operator Ladies and gentlemen, welcome to the STMicroelectronics Q2 2021 Earnings Results Conference Call and Live Webcast. I m Andre, the Chorus Call operator.[Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it s my pleasure to hand over to Celine Berthier, Group Vice President, Head of Investor Relations. Please go ahead, madam. Celine Berthier Group Vice President, Head of Investor Relations Thank you, Andre. Good morning. Thank you, everyone, for joining our second quarter 2021 financial results conference call. Hosting the call today is Jean-Marc Chery, ST s President and Chief Executive Officer. Joining Jean-Marc on the call today are Lorenzo Grandi, President of Finance, Infrastructure and Services and Chief Financial Officer; Marco Cassis, President of Sales, Marketing, Communications and Strategy Development.

Gallium Nitride Semiconductor Device Market worth $24 9 billion by 2026

Gallium Nitride Semiconductor Device Market worth $24.9 billion by 2026 iCrowd Newswire According to the new market research report Gallium Nitride Semiconductor Device Market with COVID-19 Impact Analysis by Device Type (RF, Power, Opto), Wafer Size, Application, Vertical (Consumer and Enterprises, Automotive, Telecommunications), and Geography - Global Forecast to 2026″, published by MarketsandMarkets™, the market is projected to reach USD 24.9 billion by 2026, at a CAGR of 5.2% between 2021 to 2026. The global GaN semiconductor device market will grow to USD 24.9 billion by 2026 (forecast year) from USD 19.4 billion in 2021 (estimated year), at a CAGR of 5.2% between 2021 to 2026. The key drivers fueling the growth of this market include the wide gap property of GaN material facilitating innovative applications, success of GaN in RF power electronics, and the increasing adoption of GaN RF semiconductor devices for defense and aerospace applications.

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