Navitas Semiconductor has agreed to purchase Halo Microelectronics’ remaining minority interest in its silicon control IC joint venture for USD 20 million in Navitas stock.
In 2021, Navitas and Halo formed a joint venture to develop application-specific silicon controllers optimized to work with Navitas GaN ICs, with the goal of setting new norms for efficiency, density, cost, and integration across a wide range of applications.
The first product family, which addresses AC-DC power supply applications in mobile, consumer, home appliance, and auxiliary power supplies in enterprise, renewables, EV, and other relevant industries, has been designed and released to production.
Because Navitas was already the largest stakeholder, the joint venture’s financial outcomes were already represented in Navitas’ financial statements and guidance. The deal is scheduled to finalize in February. According to Navitas, the addressable market potential for this additional silicon controller capacity is anticipated to be more than USD 1 billion per year by 2026.