Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
www.epc-co.com 1 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Efficient Power Conversion Corporation
The eGaN® FET Journey Continues
www.epc-co.com 2 EPC - The Leader in eGaN® FETs Credit Suisse May 2012 2
• Power Management is a large and growing market
• Silicon has reached performance limits
• EPC has developed proprietary enhancement-mode GaN technology (eGaN®) that allows EPC’s FETs to broadly replace power MOSFETs
• Manufacturing platform is inherently cost effective, and will quickly be less expensive to produce per area than silicon
Background for Strategy
www.epc-co.com 3 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Why Gallium Nitride?
www.epc-co.com 4 EPC - The Leader in eGaN® FETs Credit Suisse May 2012 4
eGaN® FETs are Smaller
200V GaN Device (25 milli Ohms)
200V Silicon Device (30 milli Ohms)
www.epc-co.com 5 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
eGaN® FETs are Faster
0
100
200
300
400
500
EPC2001 BSC109N10NS3 IRFH5030 SiR870DP FDMS86101
FOM = Rdson x Qg (100V)
Source: Infineon, International Rectifier, Siliconix, and Fairchild data sheets
www.epc-co.com 6 EPC - The Leader in eGaN® FETs Credit Suisse May 2012 6
eGaN® FETs are More Efficient
Efficiency comparison @ 12 VOUT
Source: EPC and Ericsson
www.epc-co.com 7 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
eGaN® FETs Can Be Cheaper
Starting Material Epi Growth Wafer Fab Test Assembly
OVERALL
2011 2015
same same
higher same same lower
lower same lower
~same
lower higher
Source: EPC
www.epc-co.com 8 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Market Forecasts
www.epc-co.com 9 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
0%
10%
20%
30%
40%
50%
4% 5% 6% 7% 8%
Perc
ent S
hare
of 2
010
Pow
er T
rans
isto
r M
arke
t
2010-2015 CAGR
Served Available Market (SAM)
Total = $12B in 2015 Source: IC Insights
Power FET (up to 200V)
$4.6B
IGBT modules $2.3B
IGBTs $878M
Power FET (over 200V)
$1.7B RF/Microwave $1.3B
Bipolar $970M
Bipolar Modules $49M
FET Modules $232M
www.epc-co.com 10 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Power ICs Add to the SAM
Total = $18B in 2015
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18M
arke
t Siz
e ($
B)
Transistors
Power Module
Power IC
Source: Yole Development
www.epc-co.com 11 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
GaN Market Projection
Total = $350M for GaN in 2015
Source: Yole Development
www.epc-co.com 12 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Key Applications 2011-2013
• Wireless Power Transmission • RF DC-DC “Envelope Tracking” • Power Over Ethernet • RF Transmission • Network and Server Power Supplies • Power Factor Correction • Point of Load Modules • Solar Microinverters • Energy Efficient Lighting • UPS Systems • Class D Audio • RadHard
www.epc-co.com 13 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Key Applications 2013-2016
• PC and Notebook Power Supply • Appliance and Industrial Motor Drive • Cell Phones • Electric Bicycle • Hybrid and Electric Vehicles
www.epc-co.com 14 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Efficient Power Conversion
www.epc-co.com 15 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
EPC Leadership Team
Alexander Lidow Ph.D: PhD Stanford 1977 Co-Inventor of HEXFET Transistor CEO of International Rectifier 1995-2007 Joe Cao Ph.D: PhD Berkeley 1996 Power MOSFET and GaN Experience at International Rectifier Robert A. Beach Ph.D: PhD Caltech 2001 Co-Founded GaNRose to produce gallium nitride transistors Sold GaNRose to International Rectifier in 2003
EPC has a total of 20 full time employees, 10 of whom have PhDs in closely related fields
www.epc-co.com 16 EPC - The Leader in eGaN® FETs Credit Suisse May 2012 16
EPC Supply Chain
Epi & Wafer Fab
WAT & Sample Probe Bump
Saw
QA & Visual
Pack Ship
Episil
Invoice
EPC has designed a supply chain that is mature, efficient, responsive, and can ramp quickly
Final Test
KYEC
www.epc-co.com 17 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Strategic Partners
Texas Instruments – Driver ICs
Microsemi – Hi Rel and Radiation Hard Transistors
www.epc-co.com 18 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Silicon Power MOSFETs
Infineon
Vishay
International Rectifier (IR)
Fairchild
Renasas
Ciclon/TI
Competitive Strategy
GaN Devices
IR Transphorm MicroGaN GaN Systems Fujitsu
www.epc-co.com 19 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Selected Awards
EE Times 2010 Green Technology ACE Award
LM5113
www.epc-co.com 20 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
Summary
• EPC is privately funded and just concluded a D-Round of financing
• eGaN® technology is disruptive • Management is the most experienced in the
power industry • EPC’s supply chain is mature • TI and Microsemi are helping to establish EPC’s
eGaN FETs as industry standards • EPC is now shipping eGaN FETs to > 500
customers worldwide
www.epc-co.com 21 EPC - The Leader in eGaN® FETs Credit Suisse May 2012
The end of the road for silicon…..
is the beginning of
the eGaN FET journey!