GaN Systems adds power module maker as strategic investor
Following its $150m fundraising round, GaN Systems in Canada has added a strategic investor with focus on System-in-Package (SiP) power modules.
The investment from Universal Global Technology (USI) will be used to accelerate the development and adoption of GaN technology in packages and modules across the automotive, consumer, industrial, and enterprise markets. Module technology is key for GaN to achieve the higher voltage levels for automotive and renewable energy designs.
USI is a subsidiary of Universal Scientific Industrial (Shanghai), which is itself owned by semiconductor packaging giant ASE Technology in Taiwan. USI also owns EMS manufacturer Asteelflash with 27 sales, production and service locations across Asia, Europe, Americas and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide.
Along with the investment, USI and GaN Systems also entered into a Strategic Business Agreement where both parties will commit R&D resources and efforts in GaN power electronics.
“USI is the strategic partner of GaN Systems in the manufacturing of power module and other power management related products, while GaN Systems will be USI’s strategic supplier and partner in gallium nitride for semiconductor applications,” said Jim Witham, CEO of GaN Systems. “We are excited about this partnership with USI, and will bring advanced GaN power electronics to market, especially to the electric vehicle power module market.”
“Besides electric vehicle power electronics, we see GaN’s increasing adoption in many applications in the coming years, and we view GaN Systems as the forerunner in GaN technology and applications. Through this collaboration with GaN Systems, we wish to serve our customers better, providing more efficient and cost-effective power solutions, and achieving a lower carbon footprint in the process. USI will continue to invest in miniaturization, modularization and automotive electronics in the future,” said Jeffrey Chen, Chairman and CEO of USI.
www.usiglobal.com; www.gansystems.com
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