Transphorm closes JV transaction for AFSW wafer-fab acquisition

Transphorm announced the close of a joint venture transaction where GaNovation, a JV with JCP Capital, acquired 100% interest in Transphorm's AFSW wafer-fab facility in Aizu Wakamatsu, Japan. Transphorm's effective stake in AFSW is now 25% via its ownership of GaNovation, down from 49%.

“Transphorm, Inc. a pioneer in and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products, announced the close of the transaction for the acquisition of 100% interest in the Company's AFSW wafer-fab facility by GaNovation.”aithority.com

• 2 sources
• aithority.comTransphorm Announces the Close of JV Transaction for Acquisition of AFSW Wafer-FabAIT News DeskAug 3, 2021
• eepower.comTransphorm Acquires AFSW GaN Wafer Fab in Japan - NewsShannon CuthrellSep 18, 2021

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