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10 layers580 nodes2,376 dependencies9 chokepoints112 bottlenecks6,500+ companiesnode size = companies identified

Power semiconductors and discretes (MOSFETs, GaN, SiC)

BOTTLENECK

GaN and SiC devices for 48V and 800V AI server power conversion concentrate among few suppliers who command premium pricing, unlike commoditized Si MOSFETs.

Switching transistors (Si MOSFET, GaN, SiC) that perform the actual power conversion in VRMs, PSUs and bus converters inside AI servers. GaN enables higher-density 48V designs; SiC supports emerging 800V DC bus architectures. GaN and SiC suppliers capture premium pricing; Si MOSFETs are commoditised.

What the evidence shows

Top three producers Nexperia, Infineon, and ON Semi hold 35% market share.

intelmarketresearch.com

AEC-Q101 qualified SiC devices are the most constrained category in power semiconductors.

773grp.com

Lead times for some power MOSFETs extend beyond 40 weeks.

intelmarketresearch.com
RESCORED JUL 2026fragmentedscaling156 companies

Who controls it

InfineonNexperiaON Semiconductor+153 more tracked
$2.0B market · 202526.1% CAGRsource

Where it sits in the stack

Takes in: Silicon, GaN, or SiC wafers (L5 for IDMs); packaging and testing

Sends on: Discrete or module-form power switches for VRM power stages, PSU bridges, and BBU converters

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Related nodes

Power supply units (PSUs) and rectifiersVoltage regulator modules (VRMs) and power stagesGate drivers and PWM/multiphase controllersInductors and magnetic componentsCapacitors and passives (MLCC, tantalum, polymer, aluminium electrolytic)Power shelves, busbars, and 48V/high-voltage DC distribution (IT side)

Full scorecard, owner shares, supply edges and the full tracked roster are in the desk letter.

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