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Global SiC Substrates Market to Surpass USD 1.72 Billion By 2031| Growth Market Reports

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PUNE, India, June 26, 2023 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global SiC Substrates Market Segments – by Type (Semi-insulating SiC Substrates and Conductive SiC Substrates), by End-use Industry (Consumer Electronics, Automotive, Energy & Power, IT & Telecommunication, Aerospace & Defense, and Others) and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 0.41 Bn in 2022 and is expected to surpass USD 1.72 Bn expanding at a CAGR of 20.4% by the end of 2031. The market is projected to be propelled by the growing demand for Silicon Carbide (SiC) in power electronics.

Recent Developments:

In May 2022, the Japanese SiC wafer manufacturer Showa Denko (SDK) proposed a project for the development of SiC wafers for the next generation of green power semiconductors to the New Energy and Industrial Technology Development Organization. This is expected to help the company reach carbon neutrality.

Key Market Players Profiled in the Report

  • WOLFSPEED, INC.
  • SiCrystal GmbH
  • SICC Co., Ltd.
  • Coherent Corp.
  • Sk Siltron css
  • Entegris
  • CoorsTek
  • PAM-XIAMEN
  • Atecom Technology Co.,Ltd.
  • AMERICAN ELEMENTS

Download PDF Sample here:  https://growthmarketreports.com/request-sample/5255

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include type, end-use industry, and competitor analysis.

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This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/5255

Regional Highlights:

On the basis of region, the global SiC substrates market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to dominate the global market owing to the high investments and development of the semiconductor industry. This development is also supported by favorable government policies in countries such as Taiwan, China, Japan, and South Korea due to which the region’s semiconductor industry growing at a fast pace.

North America is expected to be a rapidly growing region in the global market during the projected period, owing to the increasing emphasis on the development of clean steel. The use of silicon carbide offers cleaner steel with a lower level of emissions which leads to growing product demand from the domestic steel-making sector.

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To Buy the Complete Report: https://growthmarketreports.com/report/sic-substrates-market-global-industry-analysis

Key Takeaways from the Study:

  • Silicon Carbide (SiC) substrate is a type of semiconductor material that has unique electrical and thermal properties. It can be doped p-type by beryllium, boron, aluminum, or gallium and n-type by nitrogen or phosphorus.
  • Semiconductors that are based on silicon carbide offer higher electron mobility, higher thermal conductivity, and lower power losses. This leads to significant efficiency gains through decreased cooling requirements, miniaturization advancements, and lower overall system costs.
  • The growing demand for SiC in power electronics is anticipated to propel the market during the forecast period. Numerous power devices are now available in the power electronics industry which can convert alternating current into direct current (or vice versa) in the systems. In addition, the use of silicon carbide helps to minimize energy loss and increase efficiency.
  • Silicon carbide (SiC) is one of the widely used materials for the production of semiconductors, especially medium to high-voltage power semiconductors due to its intrinsic properties such as high thermal conductivity and wide band gap.
  • The semi-insulating SiC substrates segment is projected to dominate the market due to its wide range of applications. For instance, the semi-insulating SiC substrate can be used to fabricate the radio frequency transistor for strengthening or switching electrical signals and power.
  • The consumer electronics segment is projected to dominate the market during the forecast period. The growth of the segment is attributed to the ongoing adoption of SiC substrate-based semiconductors in consumer electronics such as mobile phones, laptops, and LED lighting.

Read 196 Pages Research Report with Detailed TOC on “Global SiC Substrates Market Segments – by Type (Semi-insulating SiC Substrates, Conductive SiC Substrates), by End-use Industry (Consumer Electronics, Automotive, Energy & Power, IT & Telecommunication, Aerospace & Defense, Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031″

Get Full Access to this Report: https://growthmarketreports.com/checkout/5255

Key Segments Covered

By Type

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  • Semi-insulating SiC Substrates
  • Conductive SiC Substrates

By End-use Industry

  • Consumer Electronics
  • Automotive
  • Energy & Power
  • IT & Telecommunication
  • Aerospace & Defense
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Other Related Reports:

  • Global Silicone Rubber Cable Market Segments – by Types (Electric Cables, Submersible Pump Cables, Submarine Cable, Solar Cable, Welding Cable, Borehole Cable and Others), Applications (Electrical Infrastructure, Metallurgy and Petrochemical Industry, Railway, Automotive, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
  • Global Speciality Silicones Sales Market by Type (Silicone Elastomers, Silicone Greases, Silicone Surfactants, Silicone Polish/Shinning Agents, Silicone Textile Softeners, Silicone Water Repellants, Silicone Rubbers, Others), By Application (Water & Waste Water Treatment, Textiles, Paints, Agriculture, Oil & Gas, Electronics, Consumer Goods) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030
  • Global Silicon Steel Market by Type (Oriented Electrical Steel, Non-Grain Oriented Electrical Steel), By Application (Automotive, Construction, Home Appliance, Machinery, Other), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast To 2028
  • Global Silicone Derivative Market by Type (Silicon Dioxide, Silicon Nitride, Silicon Carbide, Silicate), By Application (Automotives, Electronics, Construction, Energy, Others), And By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

Contact:
Alex Mathews
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Baner Road, Baner, Pune.
Maharashtra – 411045. India.
Phone: +1 909 414 1393
Email: [email protected]
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Blockchain Press Releases

CM Global Services (CMGS) Secures Exclusive Multi-Year Logistics & Procurement Partnerships with Compass Mining and NovoMod

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DENVER, May 22, 2025 /PRNewswire/ — CM Global Services LLC (CMGS) proudly announces its official designation as the exclusive logistics and procurement partner for Compass Mining Inc. and NovoMod LLC, two leaders in the Bitcoin mining and modular infrastructure sectors. These multi-year partnerships reinforce CMGS’s growing influence as the supply chain backbone powering some of the most advanced digital infrastructure projects in the world.

Founded with a mission to eliminate the bottlenecks and fragmentation that plague traditional supply chains, CMGS is a fully integrated logistics and infrastructure services firm specializing in Bitcoin mining services, data center development, and high-demand electrical infrastructure. From sourcing crypto mining machine parts and network hardware to coordinating the full deployment of large scale sites, CMGS is designed to scale with our clients and move at the speed they need.

For Compass Mining and NovoMod, CMGS serves as more than a vendor; we are an embedded partner, streamlining critical operations and bringing transparency to every stage of the infrastructure lifecycle. Our team leads:

  • Global sourcing and procurement of critical components, from power distribution units (PDUs) and switchgear to Ethernet cables, breakers, and enclosures.
  • Inbound logistics and Customs navigation, moving sensitive equipment efficiently across Asia, LATAM, and North America on time, on budget, and compliantly.
  • Refurbishment and redeployment of crypto mining machines, ensuring optimal uptime, performance, and recovery value from aging or idle equipment.
  • Infrastructure buildout support, including on-site coordination, material staging, labor oversight, and final commissioning of modular and large-scale mining sites.

By centralizing sourcing, logistics, testing, and deployment under one roof, CMGS is helping Compass Mining and NovoMod compress timelines, reduce operational overhead, and eliminate costly inefficiencies that historically slowed down crypto mining and infrastructure projects.

While our partnerships with Compass Mining and NovoMod are foundational, CMGS also supports a growing number of mining companies, original equipment manufacturers, and infrastructure developers behind the scenes. Quietly powering the supply chains of both public and private firms across the U.S., LATAM, and Asia. In a market where downtime is costly and speed is currency, CMGS brings industrial discipline, real-world experience, with timely execution.

CMGS covers the full supply chain lifecycle, including:

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  • Global logistics and freight management
  • Strategic sourcing and vendor negotiations
  • Crypto mining machine parts sales, sourcing, and testing
  • Full-site infrastructure build outs
  • Cleaning, repair, and redeployment programs
  • Consulting for operational optimization and supply chain resilience

As the digital infrastructure landscape grows more complex, CMGS is positioned to be the silent engine behind the most ambitious operators, ensuring they have what they need, where they need it, exactly when it’s needed.

About CMGS

CM Global Services (CMGS) is a full service logistics and procurement company specializing in Bitcoin mining and high performance computing industries. CMGS helps clients source equipment, manage global freight, deploy infrastructure, and streamline operations across every stage of the supply chain. With a commitment to reliability, speed, and cost efficiency, CMGS enables miners and data center operators to scale smarter.

To learn more about CM Global Services visit cmglobalservices.io

Media Contact

BlocksBridge Consulting
[email protected]

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Blockchain Press Releases

Bybit Presents “Chicken Trader”: The World’s First Poultry-Powered Trading Showdown Livestream

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DUBAI, UAE, May 22, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is taking novel trading challenges to new heights with the announcement of the Chicken Trader special, an unprecedented livestream session where professional crypto traders will have their authority challenged by their own pet chickens.

Scheduled to air on May 23, 2025 at 8AM UTC, the first-of-its-kind spectacle will feature Dylon Lord of Entry, Crypto trader & host at Crypto Banter, and DaviddTechI, Crypto trader & Co-Founder at DaviddTech, two seasoned trading pros whose market fortunes will temporarily rest on the shoulders of their feathered advisors. 

Highlights

  • Chickens Calling the Shots: Each chicken will peck at different treats representative of various trading options to channel their instruction. Yielding the strategizing power to the beaks of the chickens, both traders will be asked to execute the trading decisions faithfully.
  • Live PnL Showdown: The resulting profit and loss (PnL) percentage will be tracked real-time during the livestream—and promises to shock the traders and the audience.
  • Predictions and Live Giveaways: The audience will share in a 1,000 USDT prize pool by voting and participating in the red packets giveaway.

The special edition at Bybit Live is for entertainment purposes only and does not constitute financial or investment advice. Participants should be mindful of the risks associated with crypto trading.

No animals are harmed in the process. Terms and conditions and usual disclaimers apply. The not-to-be-missed battle will go live on May 23, and users may subscribe to upcoming session on Bybit Live.

#Bybit / #TheCryptoArk 

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain

Blocks & Headlines: Today in Blockchain – May 21, 2025

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In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:

  1. Enterprise Adoption & Data Integration

  2. Government Experimentation & Oversight

  3. AI & Security Innovations in Crypto

Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.


1. Space and Time Joins Forces with Microsoft Fabric

Source: Chainwire / The Defiant

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On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.

Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.


2. New York City Eyes Crypto for Taxes & Records

Source: DL News

Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.

Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.

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3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair

Source: Wyoming Public Media

During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.

Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.


4. AI Tokens Surge in Crypto’s New Tango

Source: The Economic Times

Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.

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Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.


5. BSV Association Selects Binarii Labs for Secure Communications

Source: CoinGeek (via PRNewswire)

The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.

Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.


Conclusion: Navigating a Dynamic Blockchain Frontier

Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:

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  • Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.

  • Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.

  • Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.

  • Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.

  • Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.

By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.

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