Navitas takes control of Halo joint venture
Navitas Semiconductor has acquired the minority stake in its silicon controller joint venture with Halo Microelectronics.
The deal in Navitas stock is valued at $20m and is expected to close in February.
In 2021, Navitas and Halo created a joint venture to develop application-specific silicon controllers that are optimized to work in combination with Navitas GaN ICs to set new standards for efficiency, density, cost and integration for a wide range of applications. The addressable market potential for this additional silicon controller capability is estimated at over $1bn per year by 2026.
The first family of products have been developed and released to production which address AC-DC power supply applications across mobile, consumer, home appliance and auxiliary power supplies in enterprise, renewables, EV and other related markets. The silicon controller and GaN ICs combine either as a chipset or are co-packaged, to target 20 W to 500 W applications and have already been adopted by dozens of customers set to introduce their next-generation products later this year.
“This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our leading-edge GaN and SiC technologies,” said Gene Sheridan, CEO and co-founder of Navitas.
“Silicon controllers are needed in all power systems and largely define the architecture of those systems. By combining silicon controllers with GaN and SiC, Navitas is uniquely positioned to influence customer architecture decisions to maximize the system benefits and Navitas’ value when using GaN or SiC in next-generation power electronics,” he said.
“The successful culmination of our partnership to provide innovative GaN and controller copak enabled us the highest efficiency and smallest solutions for mobile fast charging was a win-win for both companies,” said David Nam, CEO of Halo Microelectronics.
Halo Microelectronics has been developing analog and power management integrated circuits enabling energy-efficient smart systems since 2012.