Power semiconductors, a vital component of semiconductors and essential for power processing, are used for voltage/frequency conversion and DC-AC transitions. The global market value grew from $38.1 billion in 2019 to $42.6 billion in 2022, with a CAGR of 5.43%. As a major subset, power semiconductors are widely applied across power electronics sectors, with automotive, industrial, and consumer electronics as the top three end - markets.