– Dr. Jr-Tai Chen, CEO & co-founder at SweGaN
2024 highlights:
- SweGaN people: Further expanding our highly diverse team of 10 nationalities, SweGaN grew by an exciting 35% in 2024. We introduced numerous new colleagues and positions and enhanced our executive management team with CFO Stefan Axelsson.
- New tagline! Power in the Layers marks our identity and vision as a GaN material manufacturer aiming to harness the tremendous power of GaN, releasing the full potential.
- Launched new production facility – SweGaN started deliveries from its new high-capacity GaN-on-SiC production facility and is now in pole position to fully embrace its scale-up strategy, significantly boosting manufacturing capacity of next-generation GaN-on-SiC engineered epitaxial wafers.
- R&D projects: SweGaN boosted its R&D profile and collaborations with multiple prestigious research and commercial organizations and EU projects including SSF mobility grant brought Linköping professor Galia Pozina to 2-year GaN research collaboration.
Significant Business & Investor Milestones
Confirming a growing interest in SweGaN’s benchmark QuanFINE® material and epitaxial solutions, SweGaN achieved numerous exciting milestones.
- 100% YoY order increase in 1H 2024
- Secured framework agreements – major players in telecom, defense markets
- RFHIC strategic equity investment with joint product development, and agent agreement for South Korean market
- Complete QuanFINE epiwafer customer qualification with device manufacturer
- Complete equity raise of nearly 12M Euro
- Onboarded impressive range of semiconductor-focused investors from global arena
- Wallenberg-backed Navigare Ventures joined SweGaN as a major owner
- Added new Board members from Navigare Ventures
The 2024 investments will propel strategic collaborations and boost material development for growing power device markets.
In summary
SweGaN team has continued to deliver on our big ambitions and garner a host of achievements, from people and brand to R&D, business and investments. We thank you for helping us make 2024 a truly exciting year and wish you all a happy holiday season! Stay tuned for more from SweGaN in 2025!
