Wolfspeed, Inc. (WOLF): Análisis de la Matriz ANSOFF [Actualizado en Ene-2025]

En el panorama en rápida evolución de la tecnología de semiconductores, Wolfspeed, Inc. (Wolf) está a la vanguardia de la innovación, navegando estratégicamente las complejidades del mercado con una matriz de Ansoff dinámica que promete un crecimiento transformador. Al aprovechar su tecnología de carburo de silicio (sic) de vanguardia, la compañía está preparada para revolucionar los sectores automotrices, electrónicos de energía y tecnología emergente a través de un enfoque multidimensional que abarca la penetración del mercado, el desarrollo, la innovación de productos y la diversificación estratégica. Prepárese para sumergirse en una exploración convincente de cómo WolfSpeed ​​no se está adaptando solo a los cambios tecnológicos, sino que remodelando activamente el futuro de la industria de los semiconductores.

Wolfspeed, Inc. (Wolf) - Ansoff Matrix: Penetración del mercado

Expandir las ventas de dispositivos semiconductores a clientes existentes de automotriz y electrónica de energía

Wolfspeed reportó $ 228.4 millones en ingresos para el segundo trimestre de 2023, con segmentos de energía y RF que generan $ 205.4 millones. Las ventas de semiconductores automotrices aumentaron un 34% año tras año.

Segmento de clientes	Contribución de ingresos	Índice de crecimiento
Electrónica automotriz	$ 98.7 millones	34%
Electrónica de potencia	$ 106.7 millones	28%

Aumentar los esfuerzos de marketing para resaltar el rendimiento de la tecnología de carburo de silicio (sic)

Wolfspeed posee una participación de mercado del 40% en los dispositivos de semiconductores SIC Power. La inversión en I + D alcanzó los $ 62.3 millones en el año fiscal 2022.

• Mejora de la eficiencia de la tecnología SIC: 30% en comparación con los dispositivos de silicio tradicionales
• Eficiencia de conversión de energía: hasta 99.2%

Ofrecer estrategias de precios competitivas

Precio de venta promedio para obleas SIC: $ 1,200 por oblea equivalente de 150 mm. Objetivo de reducción de costos de producción: 15% para 2024.

Fortalecer las relaciones de ventas directas

Fabricante de llaves	Valor de contrato	Duración
Tesla	$ 340 millones	3 años
BMW	$ 275 millones	4 años

Optimizar la eficiencia de producción

Capacidad de fabricación actual: obleas SIC de 200 mm a 10,000 obleas por mes. Costo de producción por oblea: $ 850. Reducción del costo objetivo: $ 170 por oblea para 2024.

• Inversión de expansión de capacidad de fabricación: $ 320 millones
• Aumento de la capacidad proyectada: 50% para 2025

Wolfspeed, Inc. (Wolf) - Ansoff Matrix: Desarrollo del mercado

Mercados geográficos emergentes en Asia-Pacífico para la expansión de semiconductores SIC

Wolfspeed se dirigió al mercado de semiconductores de Asia y el Pacífico, que se valoró en $ 184.66 mil millones en 2022. China representó el 31.4% de la demanda regional de semiconductores. El mercado de semiconductores de Japón alcanzó los $ 47.3 mil millones en 2022.

País	Potencial de mercado	Tasa de adopción de SIC
Porcelana	$ 57.9 mil millones	18.2%
Japón	$ 22.6 mil millones	12.7%
Corea del Sur	$ 35.4 mil millones	15.5%

Objetivo Nuevos sectores industriales

Wolfspeed se centró en expandirse a sectores industriales clave con un potencial de crecimiento significativo.

• Infraestructura de energía renovable: se espera que el mercado global alcance los $ 1.99 billones para 2030
• Aplicaciones del centro de datos: tamaño de mercado proyectado de $ 287.4 mil millones para 2026
• Carga de vehículos eléctricos: se espera que crezca al 32.7% de la TCAG de 2022-2030

Asociaciones estratégicas con fabricantes internacionales de electrónica

Wolfspeed estableció asociaciones con fabricantes internacionales clave, que incluyen:

Pareja	Enfoque de colaboración	Valor de asociación estimado
Mitsubishi Electric	Módulos de potencia sic	$ 45 millones
Infineon Technologies	Diseño de semiconductores	$ 62 millones

Oficinas de ventas regionales en mercados de tecnología emergente

Wolfspeed amplió su presencia global con oficinas regionales estratégicas:

• Shanghai, China: Establecido en 2022
• Tokio, Japón: abrió en 2023
• Seúl, Corea del Sur: Lanzado en 2023

Adaptación de especificaciones del producto

Wolfspeed invirtió $ 38.7 millones en cumplimiento regulatorio regional y adaptación técnica para 2023-2024.

Región	Inversión de cumplimiento regulatorio	Costo de modificación del producto
Porcelana	$ 15.2 millones	$ 8.6 millones
Japón	$ 12.5 millones	$ 7.3 millones

Wolfspeed, Inc. (Wolf) - Ansoff Matrix: Desarrollo de productos

Invierte en investigación y desarrollo de semiconductores de banda ancha avanzada

Wolfspeed invirtió $ 285 millones en I + D en el año fiscal 2022. La investigación se centró en las tecnologías semiconductores de carburo de silicio (SIC) y nitruro de galio (GaN).

I + D Métrica	Valor
Gasto de I + D (para el año fiscal 2022)	$ 285 millones
Personal de I + D	Más de 500 ingenieros
Cartera de patentes	237 patentes activas

Diseño de dispositivos de potencia SIC de próxima generación con eficiencia energética mejorada

Wolfspeed desarrolló dispositivos SIC con pérdidas de conmutación 90% más bajas en comparación con los semiconductores tradicionales basados ​​en silicio.

• La eficiencia de conversión de energía mejoró en un 3-5%
• Tamaño reducido del dispositivo en un 40%
• El rango de temperatura de funcionamiento se expandió a 175 ° C

Crear soluciones de semiconductores personalizadas para necesidades verticales específicas de la industria

Industria	Solución personalizada	Penetración del mercado
Automotor	Módulos de potencia de EV	Cuota de mercado del 12%
Industrial	Inversores de alto voltaje	Cuota de mercado del 8%
Energía renovable	Chips de inversor solar	15% de participación de mercado

Desarrollar tecnologías de módulos de potencia integrados para aplicaciones de vehículos eléctricos

Los ingresos por el módulo de potencia de EV de Wolfspeed alcanzaron los $ 127 millones en 2022, lo que representa un crecimiento de 35% año tras año.

• La densidad de potencia aumentó a 25 kW/litro
• La eficiencia de gestión térmica mejoró en un 40%
• La confiabilidad del módulo se extendió al ciclo de vida de 15 años

Mejorar las líneas de productos existentes con mayor rendimiento y configuraciones de menor costo

Línea de productos	Mejora del rendimiento	Reducción de costos
Dispositivos SIC de la serie X3	Velocidad de conmutación 20% más alta	12% de reducción de costos de fabricación
Wolfspeed Gen 3 Wafers	99.99% de pureza de material	15% de costo por unidad disminuye

Wolfspeed, Inc. (Wolf) - Ansoff Matrix: Diversificación

Investigar posibles adquisiciones en dominios complementarios de tecnología de semiconductores

En 2022, WolfSpeed ​​completó la adquisición de Silex Microsystems AB por $ 225 millones, ampliando su cartera de tecnología de semiconductores. La inversión de I + D de la compañía alcanzó los $ 272 millones en el año fiscal 2022, centrándose en adquisiciones de tecnología estratégica.

Objetivo de adquisición	Dominio tecnológico	Costo de adquisición	Justificación estratégica
Silex Microsystems	Fabricación de semiconductores	$ 225 millones	Expansión de tecnología de carburo de silicio

Explore oportunidades de integración vertical en equipos de fabricación de semiconductores

Wolfspeed invirtió $ 700 millones en una nueva instalación de fabricación de semiconductores en Chatfield, Minnesota, demostrando compromiso con la integración vertical. El gasto de capital de la compañía para equipos de fabricación alcanzó los $ 412 millones en el año fiscal 2022.

• Inversión de instalaciones de fabricación: $ 700 millones
• Gasto de capital: $ 412 millones
• Expansión de la capacidad de producción: aumento del 200% planeado

Desarrollar nuevas líneas de productos para sectores de tecnología emergente como la computación cuántica

WolfSpeed ​​asignó $ 45 millones específicamente para la investigación de semiconductores de computación cuántica en 2022. Los ingresos por materiales semiconductores de la compañía en los sectores de tecnología emergente aumentaron un 37% año tras año.

Área de investigación	Inversión	Crecimiento de ingresos
Materiales de computación cuántica	$ 45 millones	37% de crecimiento interanual

Invierte en colaboraciones de investigación con universidades para innovaciones de semiconductores innovadores

Wolfspeed estableció asociaciones de investigación con 5 universidades principales, invirtiendo $ 22 millones en programas de innovación de semiconductores colaborativos durante 2022.

• Asociaciones de investigación universitaria: 5 instituciones
• Inversión de colaboración de investigación: $ 22 millones

Considere inversiones estratégicas en mercados adyacentes de tecnología de energía limpia

Las soluciones de semiconductores de energía limpia de Wolfspeed generaron ingresos de $ 678 millones en 2022, lo que representa un aumento del 52% respecto al año anterior. La compañía invirtió $ 95 millones en la expansión de su vehículo eléctrico y tecnologías de semiconductores de energía renovable.

Segmento de energía limpia	Ganancia	Inversión	Índice de crecimiento
Soluciones de semiconductores de energía limpia	$ 678 millones	$ 95 millones	52% interanual

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Market Penetration

You're looking at how Wolfspeed, Inc. (WOLF) plans to capture more of the existing Silicon Carbide (SiC) market, which is all about maximizing output from current facilities and winning market share from rivals. This strategy is critical, especially coming out of the restructuring process completed in September 2025.

Aggressively ramp Mohawk Valley Fab to reduce underutilization costs and improve the 2% non-GAAP gross margin.

The pressure on margins from the Mohawk Valley Fab (MVF) ramp is clear. For the fourth quarter of fiscal year 2025, the non-GAAP gross margin actually dipped to (1)%. That quarter alone, the underutilization costs at MVF were reported at $23.6 million. Still, the full fiscal year 2025 non-GAAP gross margin landed at 2%, which is a significant drop from the 13% seen in fiscal year 2024. The MVF revenue contribution in Q4 FY2025 was $94.1 million, more than doubling the $41 million from the prior year's fourth quarter, showing the volume is increasing, but cost control is the immediate hurdle. It's a classic case of needing volume to absorb fixed costs.

Metric	Q4 FY2025 Value	FY2025 Full Year Value	FY2024 Full Year Value
Non-GAAP Gross Margin	(1)%	2%	13%
MVF Revenue Contribution (Q4 Only)	$94.1 million	N/A	$41 million
MVF Underutilization Cost (Q4 Only)	$23.6 million	N/A	N/A

Leverage the $4.6 billion debt reduction to offer more competitive pricing against Chinese SiC rivals.

Emerging from Chapter 11 protection in September 2025, Wolfspeed, Inc. successfully reduced its total debt by approximately 70%, which amounts to a reduction of about $4.6 billion. This financial deleveraging also cut the annual cash interest expense by roughly 60%, and maturities are now extended to 2030. With this improved financial footing, the company has the flexibility to adjust pricing. For context, the full fiscal year 2025 consolidated revenue was $758 million, down from $807 million in FY2024, so gaining share through pricing power is a necessary lever.

Deepen long-term supply agreements with existing automotive Tier 1s to secure a larger share of the EV market.

Securing volume commitments is key to justifying the capital expenditure on the 200mm expansion. The Power Products segment, which serves the EV market, saw Q4 FY2025 revenue of $118.6 million, a 13.4% increase year-over-year for that quarter. These agreements lock in future demand, which helps stabilize the revenue base against the Materials Products revenue, which was $78.4 million in Q4 FY2025, down 18.4% year-over-year.

Increase utilization of the 200mm SiC materials portfolio, commercially launched in September 2025.

The commercial launch of the 200mm SiC materials portfolio on September 10, 2025, is the direct enabler for higher utilization and better yields across the board. The new 200mm SiC bare wafers are offered at 350µm thickness. This material innovation is designed to help device makers improve MOSFET yields and accelerate time-to-market, which directly addresses the underutilization issue at MVF.

• Commercial launch date: September 10, 2025.
• Wafer thickness offered: 350µm.
• Targeted benefit: Improved MOSFET yields.

Target competitors' customers with Gen 4 MOSFETs, emphasizing the 21% on-resistance reduction benefit.

The new Gen 4 MOSFETs provide a tangible performance advantage to pull customers from rivals. The key selling point is the reduction in high-temperature on-state resistance by up to 21%. Furthermore, these devices show up to a 15% lower switching energy loss compared to Gen 3. The devices are available in 750V, 1200V, and 2300V classes. The improved switching performance also results in a 75% lower voltage overshoot during switching events, and they maintain a short-circuit withstand time of up to 2.3 µS for better system reliability.

Here's a quick look at the Gen 4 performance gains:

• On-resistance reduction: Up to 21%.
• Switching energy reduction: Up to 15%.
• Voltage overshoot reduction: 75% lower.
• Short-circuit withstand time: Up to 2.3 µS.

Finance: draft 13-week cash view by Friday.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Market Development

You're looking at how Wolfspeed, Inc. (WOLF) plans to take its existing Silicon Carbide (SiC) power devices into new, high-growth markets. This is about expanding the customer base for what they already make well.

Prioritizing AI Data Center Infrastructure Sales

The push into AI data centers is a direct market development play for existing SiC power devices. These facilities demand immense, efficient power management, which is where SiC excels. For context, Wolfspeed's Power Products segment generated $414.0 million in revenue for the full fiscal year 2025. The success of the 200mm transition is key here, as the Mohawk Valley Fab, which produces these larger devices, contributed $94.1 million in revenue in fiscal Q4 2025 alone, more than doubling its contribution from the prior year's $41 million.

Expanding Industrial Channels for Renewables

Wolfspeed, Inc. is actively looking beyond its core automotive base to capture more industrial market share, specifically within renewable energy systems. This means pushing current power devices into new customer segments like wind energy inverters, where Hopewind selected Wolfspeed technology. The company's overall revenue for fiscal year 2025 was $757.6 million.

Leveraging U.S. Vertical Integration for Defense and Aerospace

Your strategic advantage here is the company's status as one of the only vertically-integrated U.S. manufacturers of SiC semiconductors for power devices. This domestic control over the supply chain is critical for securing high-trust government contracts. Wolfspeed has a history of working with key U.S. agencies:

• Direct contracts with U.S. military branches like the Air Force, Army, and Navy.
• Work with government research institutions including NASA and DARPA.
• Engagement with the Missile Defense Agency (MDA).

Converting 150mm Customers to the 200mm Platform

This is a crucial operational market development step: migrating existing customers from older technology to a more cost-effective platform. The older 150mm wafer production at the Durham, North Carolina fab is scheduled to close permanently by December 2025. The new 200mm platform at the Mohawk Valley Fab offers significant cost advantages because a 200mm wafer has roughly 1.7x the surface area of a 150mm wafer, meaning more chips per run. Here's a quick look at the transition status:

Metric	150mm Platform (Durham Fab)	200mm Platform (Mohawk Valley Fab)
Status	Scheduled to close permanently by December 2025.	Contributed $94.1 million in Q4 FY2025 revenue.
Wafer Size Area Ratio	Baseline (1.0x)	Approximately 1.7x the surface area of 150mm.
FY2025 Power Products Revenue	Part of the segment that totaled $414.0 million.	Its revenue more than doubled year-over-year from $41 million in Q4 FY2024.

Focusing on New Industrial Segments like High-Power Charging

Beyond the core Electric Vehicle (EV) platform, Wolfspeed, Inc. is targeting new industrial applications, such as high-power charging infrastructure. The strong demand pipeline supports this focus, with Power Device Design-Ins reaching $1.5 billion in fiscal Q1 2025, and Design-Wins at $1.3 billion in the same period. This indicates strong future revenue potential across all power applications, including these new industrial segments.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Product Development

You're looking at the core of Wolfspeed, Inc. (WOLF)'s future growth-new products built on their silicon carbide (SiC) foundation. This is where they take their material science and turn it into tangible performance gains for customers, even while navigating a tough financial period.

The push to accelerate the Gen 4 MOSFET roadmap is already showing results in the product specifications. For instance, the Gen 4 platform delivers up to a 21% reduction in on-resistance at operating temperatures. For hard-switching applications, you're seeing up to 15% lower switching losses. These devices are designed for durability, featuring a short-circuit withstand time of up to 2.3 µs and the ability to tolerate junction temperatures up to 200°C. You can find these new components across the 750V, 1200V, and 2300V classes, with more footprints and R_DS(on) ranges rolling out through 2025 and into early 2026.

For the utility and grid modernization space, the development of ultra-high voltage SiC modules is a big step. Wolfspeed, Inc. (WOLF) unveiled its 2300V baseplate-less SiC power modules, built on their 200mm SiC wafers, specifically targeting 1500V DC Bus applications. These modules offer 15% greater voltage headroom compared to similar SiC parts. The performance gain is stark when compared to older technology: the 2300V module achieves a 77% reduction in switching losses over IGBTs and a 2-3x reduction in switching losses compared to other SiC devices aimed at 1500V use. This design supports a building-block approach to scale power tenfold, moving from kilowatts to megawatts.

The success of getting these new products into the market is visible in the revenue mix. For the full fiscal year 2025, Power Products revenue hit $414.0 million. The Mohawk Valley Fab, which is central to scaling these advanced devices, contributed $94.1 million in Q4 fiscal 2025 revenue alone, more than doubling its contribution from $41 million in the prior year period. Still, the company's total revenue for fiscal 2025 was $758 million, with a GAAP loss per share of ($11.39).

Investment in these future products is reflected in the operating expenses. For fiscal year 2025, total operating expenses reached $374.4 million, which included $141.9 million specifically allocated to Research & Development (R&D). Looking ahead, Wolfspeed, Inc. (WOLF) reaffirmed its capital expenditure (CapEx) guidance for fiscal 2026 to be approximately $150 million to $200 million, signaling continued, albeit more disciplined, investment in manufacturing and product scaling.

The introduction of integrated power modules (IPMs) is aimed directly at simplifying design for existing industrial customers, which should help drive adoption of the $414.0 million Power Products segment. The launch of a new line of SiC Schottky diodes optimized for EV auxiliary power systems is part of this overall product push. The focus remains on translating R&D spend into revenue streams that can eventually overcome the current financial reality, where the company posted a Q4 fiscal 2025 GAAP net loss of $669.30 million.

Here are some key figures related to the product development focus areas:

Product/Metric	Performance/Value	Context/Availability
Gen 4 RDS(on) Improvement	Up to 21% reduction	At operating temperatures
Gen 4 Switching Loss Reduction	Up to 15% lower	In hard-switching applications
2300V Module Switching Loss Reduction vs. IGBTs	77% reduction	For utility/grid applications
2300V Module Voltage Headroom	15% greater	Compared to similar SiC modules
FY2025 R&D Expense	$141.9 million	Part of $374.4 million total operating expenses
FY2025 Power Products Revenue	$414.0 million	Largest revenue segment for the year
FY2026 Reaffirmed CapEx	$150 million to $200 million	Post-restructuring investment plan

You'll want to track the utilization rates at the Mohawk Valley Fab, as underutilization costs impacted the Q4 fiscal 2025 non-GAAP gross margin of (1)%.

• Gen 4 SiC MOSFETs available in 750V, 1200V, and 2300V nodes.
• Gen 4 short-circuit withstand time is up to 2.3 µs.
• 2300V modules enable power scaling from kilowatts to megawatts.
• FY2025 Total Revenue was $758 million.
• FY2025 GAAP Net Loss was $1.61 billion, including a $359.2 million goodwill impairment charge.

Finance: draft 13-week cash view by Friday.

Wolfspeed, Inc. (WOLF) - Ansoff Matrix: Diversification

You're looking at Wolfspeed, Inc. (WOLF) moving beyond its core EV and industrial SiC power device focus, using its recent financial flexibility to push into entirely new product/market combinations. This is where the real strategic risk-and potential reward-lies, so let's look at the numbers supporting these diversification plays.

The immediate financial catalyst for this aggressive stance is the $698.6 million cash tax refund received in December 2025 from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D. This single event bolstered the cash balance to approximately $1.5 billion, providing the agility to explore these new avenues, even as the company navigates the headwinds that saw fiscal year 2025 revenue settle at $758 million.

Here's how Wolfspeed, Inc. (WOLF) can deploy that capital and expertise for diversification:

• Commercialize Gallium Nitride (GaN)-on-SiC devices for new, high-frequency RF applications like 6G telecommunications.
• Use the financial flexibility from the $698.6 million tax refund to acquire a complementary software or control systems company.
• Form a joint venture to develop complete power management subsystems, moving beyond component sales to a system solution.
• Target the defintely new market of high-reliability, radiation-hardened SiC devices for low-earth orbit (LEO) satellite power.
• Explore non-semiconductor applications for SiC material, such as high-performance industrial ceramics or optics.

Targeting New High-Frequency RF Markets

The move into next-generation RF, like 6G, leverages Wolfspeed, Inc. (WOLF)'s existing GaN-on-SiC platform, which offers superior efficiency and bandwidth over traditional silicon. While the company divested its RF business in 2023, the material science expertise remains. The broader GaN RF device market was estimated at $1.2 billion in 2024 and is projected to reach $2.0 billion by 2030. Specifically, GaN-on-SiC growth in Europe is projected at a 6% Compound Annual Growth Rate (CAGR) from 2025 to 2030, showing a steady, albeit slower, expansion compared to GaN-on-Si in that segment. This is a market where higher performance justifies a premium, a key factor when considering the inherent cost of SiC substrates.

Strategic Use of Cash for M&A and System Solutions

The $698.6 million refund is a significant liquidity event. Wolfspeed, Inc. (WOLF) has already earmarked $192.2 million of this to retire approximately $175 million of outstanding debt, strengthening the balance sheet post-restructuring. The remaining funds, plus the overall $1.5 billion cash position, provide the war chest for acquisitions. Integrating software or control systems would move Wolfspeed, Inc. (WOLF) up the value chain from a component supplier to a more integrated technology provider. Similarly, a joint venture for power management subsystems moves them from selling a chip to selling a tested, validated solution, capturing more margin per watt delivered.

Entering the LEO Satellite Power Market

Targeting radiation-hardened SiC for LEO satellites means entering a market with high barriers to entry but significant long-term demand for reliable, high-efficiency power. The global LEO satellite market size was projected to be $7.93 billion in 2025. Radiation-hardened components command a significant price premium over commercial-grade parts. This diversification play is capital-intensive but aligns with the company's core competency in wide-bandgap materials, which inherently offer better performance in harsh environments than silicon.

Exploring Non-Semiconductor Material Applications

This is the furthest out-of-market diversification, exploring the base material itself. While no specific revenue figures are attached to this exploration, the foundation is Wolfspeed, Inc. (WOLF)'s leadership in SiC crystal growth. The company commercially launched its 200mm SiC Materials Portfolio in September 2025, which enhances the material quality for existing customers, but the same material science can be applied elsewhere. This strategy relies on the material's superior hardness and thermal properties translating to non-electronic uses like advanced ceramics or optics, a pure materials play.

The required capital expenditure for core operations is already being managed, with guidance for fiscal year 2026 CapEx set between $150 million and $200 million, dropping sharply to $30 million to $50 million in fiscal year 2027, suggesting that the major 200mm fab build-out costs are being managed, freeing up capital for these diversification efforts.

Metric	Value (FY2025/Latest)	Context
Section 48D Tax Refund Received	$698.6 million	December 2025 cash infusion.
Total Accrued Section 48D Refunds	Approximately $1 billion	Total expected monetization from the credit.
Cash Balance Post-Refund	Approximately $1.5 billion	Enhanced financial flexibility.
Debt Repayment Allocation	$192.2 million	Allocated from the refund to retire debt.
Debt Retired	Approximately $175 million	Debt reduction target using refund proceeds.
FY2025 Total Revenue (Continuing Ops)	$758 million	Revenue for the fiscal year ending June 2025.
FY2025 Non-GAAP Gross Margin	2%	Down from 13% in FY2024.
FY2025 GAAP Net Loss Per Share	($11.39)	Reflecting operational challenges.
Projected FY2026 CapEx Guidance	$150 million to $200 million	Planned capital spending post-restructuring.
Projected FY2027 CapEx Guidance	$30 million to $50 million	Significantly reduced spending planned for FY2027.
Projected LEO Satellite Market Size (2025)	$7.93 billion	Market size for the target satellite power application.