) is collaborating with the leading nanoelectronics research center
imec (Interuniversity Microelectronics Centre), to develop next
generation Gallium Nitride (GaN) on Silicon (Si) power devices.
GaN substrates could be very important for the
semiconductor industry due to special properties such as
stability at high temperatures, thermal conductivity and radiation
tolerance. The substance is therefore suitable for high-power and
high-frequency devices for application in stressful environments,
such as in military or space equipment. However, the reaction to
Silicon makes the substrate formation a bit tricky, which is the
main reason for the smaller wafer sizes.
Imec is working toward larger wafer sizes (its research produced
200mm wafers just last year). It has also developed a manufacturing
process compatible with standard CMOS processes to facilitate
volume production. For this purpose it has roped in semiconductor
stalwarts such as
), Samsung, Panasonic,
Taiwan Semiconductor Manufacturing
ASML Holding N.V.
Cadence Design Systems
) and Renesas, among others.
On Semi's portfolio is focused on energy efficient devices and
the company has been doing its own research on GaN silicon
technology. With this agreement, On Semi brings its own research to
the table, which further strengthens the collaboration, possibly
speeding up the development and commercialization of GaN on Si and
benefiting the entire semiconductor industry.
ON Semi reported revenues of $744.8 million in the second
quarter of fiscal 2012, flat sequentially, down 17.8% year over
year and in the middle of management's guidance range of
$720.0-760.0 million, or down 1-6% sequentially.
On a pro forma basis, the company reported a net income of $51.1
million, or a 6.9% net income margin compared with $52.4 million,
or 6.8% in the previous quarter and $113.2 million or 13.0% in the
first quarter of 2012.
Currently, On Semiconductor has a Zacks #3 Rank, implying a Hold
rating in the short-term (1-3 months).
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