Navitas Semiconductor, a leading company in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) technology, has announced an agreement to acquire the remaining minority interest in its joint venture entered into with Halo Microelectronics . The purchase price is $20 million in Navitas shares.
In 2021, Navitas and Halo formed a joint venture to develop specific silicon controllers optimized to work in conjunction with Navitas GaN ICs and to set new standards for efficiency, density, cost, and integration in many applications.
The first product family has been developed and put into production and is aimed at AC-DC power applications for mobile devices, consumer, home appliances and power supplies. The silicon controller and GaN ICs combine as a "chip-set" or are co-packaged, for applications from 20 W to 500 W; they have already been adopted by dozens of customers who will introduce their next-generation products later this year.
The transaction is expected to close in February. The addressable market potential for this additional silicon controller capacity is estimated at more than $1 billion annually by 2026. "This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our state-of-the-art GaN and SiC technologies," said Gene Sheridan, CEO and co-founder of Navitas. "Silicon controllers are required in all power systems and largely define the architecture of those systems. By combining silicon controllers with GaN and SiC, Navitas is in a unique position to influence customers' architecture decisions to maximize system benefits and Navitas' value when using GaN or SiC in next-generation power electronics."
Who is Halo Microelectronics
Halo Microelectronics develops analog and power management ICs that enable energy-efficient intelligent systems, committing to providing customers with a full range of analog chip product lines covering diversified terminal applications. Since 2012, the company has created high-performance product lines that can compete with leading international analog chip manufacturers and has won the trust of many mainstream customers worldwide.
You might also be interested in:
