Dare to innovate differently

by 14% by 2050 in the IEA 2020 World Energy Outlook by McKinsey. With the <1.5°C temperature increase target set by the Paris Agreement; more global economies establish reduction policies to achieve zero-net CO2 emission by 2050. Energy-efficient, power dense and miniaturised devices push the growth of GaN-based solutions.

At CGD, we are passionate about cutting-edge technology. We strive to solve our customers’ design challenges, enabling their end products to achieve maximum performance with advanced and easy-to-drive products that deliver on the promise of energy efficiency in consumer electronics, industrial, and automotive markets. By far the largest market, consumer will continue to grow > 45%, mostly driven by mobile adapters and chargers. Supporting the digital transformation, datacentres will grow at 66% CAGR. The automotive segment’s expected growth is >100% CAGR, driven by CO2 emissions regulations.

We can see it in the numbers and in the orders. We have realised products that leading customers have successfully approved and adopted in their key designs confirming CGDs offering meets the expectations in terms of energy efficiency, power density and reliability, while out beating competition on the ease-of-use. In a nutshell, we created an all-round solution not yet available in the market.

The main challenge we face is associated with scale up. We are at the stage of delivering products to the market and need to scale up our operations. Getting ourselves known, in a growing semiconductor business where we are competing with the giants, that’s a challenge.

Approved by the Board of Directors Strategic Report Governance Financial Statements 37 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 and signed on its behalf by EDWARD BENTHALL

Chairperson