Halo Microelectronics sells joint venture stake to Navitas Semiconductor
Halo Microelectronics' subsidiary Halo US will transfer its 30% stake in a joint venture and license silicon controller technologies to Navitas Semiconductor. Navitas will issue USD 20 million in common shares as consideration.
Productsgallium nitride (GaN) and silicon carbide (SiC) semiconductorssilicon controller technologies
“NVTS will issue common shares equivalent to USD 20 million to Halo US as consideration for obtaining the Target Shares and the exclusive right to use the Target Technologies.”halomicro.com
- 9 sources
- halomicro.comGood News: Halo Microelectronics Writes a New Chapter in Industry Collaboration-Halo Microelectronics Co., Ltd.Jan 19, 2023
- globenewswire.comNavitas to Acquire Silicon Control IC CompanyNavitas Semiconductor CorporationJan 19, 2023
- einpresswire.comNavitas to Acquire Silicon Control IC CompanyJan 19, 2023
- prnewswire.comHalo Microelectronics Agrees to Sell Its AC-DC Silicon Controller IC VentureHalo Microelectronics InternationalJan 19, 2023
- powerelectronicsnews.comNavitas to Acquire Silicon Control IC Company - Power Electronics NewsMaurizio Di Paolo EmilioJan 20, 2023
Summarized from public sources; check the original articles before acting on it.
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