Navitas Semiconductor Acquires GeneSiC Semiconductor
August 15, 2022
Navitas Semiconductor (Nasdaq: NVTS) has acquired GeneSiC Semiconductor, a specialist in silicon carbide (SiC) power devices, in a cash-and-stock deal valued at roughly $100 million plus stock and potential earn-outs. The acquisition adds SiC capability and a profitable, fast-growing business (2022 revenue ~ $25M, >25% EBITDA margins) to Navitas' GaN portfolio to create a more comprehensive power-semiconductor offering for EV, solar, and industrial markets.
- Buyers
- Navitas Semiconductor
- Targets
- GeneSiC Semiconductor
- Industry
- Manufacturing
- Location
- Virginia, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
onsemi Acquires GT Advanced Technologies
November 1, 2021
Manufacturing
onsemi has completed its acquisition of GT Advanced Technologies (GTAT), a U.S.-based producer of silicon carbide (SiC). The acquisition strengthens onsemi's SiC crystal growth and wafer capabilities to secure supply for EV, EV charging and energy infrastructure markets and onsemi plans to invest in GTAT's manufacturing and R&D to scale 150mm and 200mm SiC production.
-
Bosch Acquires Assets of TSI Semiconductors
April 26, 2023
Manufacturing
Bosch is acquiring the assets of U.S. chipmaker TSI Semiconductors in Roseville, California, and plans to invest more than $1.5 billion to convert and expand the facility for silicon carbide (SiC) chip production. The deal gives Bosch a foundry with roughly 250 employees and about 10,000 square meters of clean-room space, accelerating its capability to produce SiC chips for automotive, telecommunications and energy markets and expanding its semiconductor manufacturing footprint in the United States.
-
Power Integrations Acquires Assets of Odyssey Semiconductor Technologies
May 7, 2024
Manufacturing
Power Integrations has agreed to acquire the assets of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The deal, expected to close in July 2024, will bring key Odyssey employees into Power Integrations' technology organization to accelerate the company's PowiGaN roadmap and broaden its high-voltage GaN capabilities.
-
Polymatech Electronics Acquires Nisene Technology Group Inc.
August 5, 2024
Manufacturing
Polymatech Electronics, via its Singapore subsidiary Artificial Electronics Intelligent Materials Pte Ltd., has acquired Nisene Technology Group Inc., a 50-year-old California-based semiconductor company known for IC design and decapsulation equipment. The deal strengthens Polymatech's semiconductor capabilities by combining Nisene's silicon and silicon carbide expertise with Polymatech's sapphire-wafer technologies to develop multi-wafer semiconductor products and advanced chip fabrication/testing devices.
-
Vishay Intertechnology Acquires MaxPower Semiconductor
October 28, 2022
Manufacturing
Vishay Intertechnology acquired San Jose-based MaxPower Semiconductor on October 28, 2022 for $50.0 million in cash plus contingent payments of up to $57.5 million tied to technology milestones. The acquisition brings MaxPower’s SiC and silicon MOSFET IP and engineering team into Vishay’s MOSFETs segment to accelerate product offerings for high-voltage electrification markets such as automotive and industrial applications.
-
Renesas Electronics Acquires Transphorm, Inc.
June 20, 2024
Manufacturing
Renesas Electronics Corporation completed its acquisition of Transphorm, Inc. on June 20, 2024, integrating Transphorm's gallium nitride (GaN) power semiconductor technology into Renesas' product portfolio. Renesas will immediately begin offering GaN-based power products and reference designs to expand its power solutions for markets including EVs, data centers, renewable energy and industrial applications.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.