# 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.

- Type: Acquisition
- Announced: 2023-01-19
- Where: Campbell, California, United States
- Value: $20.0M
- Status: announced
- Products: gallium nitride (GaN) and silicon carbide (SiC) semiconductors, silicon controller technologies
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Halo Microelectronics](https://endata.com/companies/67965.md)
- [Halo Microelectronics International Corporation](https://endata.com/companies/68161.md)
- [Navitas Semiconductor](https://endata.com/companies/28196.md) (acquirer)
- [Halo Microelectronics](https://endata.com/companies/67965.md) (target)
- [Halo Microelectronics International Corporation](https://endata.com/companies/68161.md) (partner)
- [Silergy](https://endata.com/companies/68162.md) (investor)
- [Xidi Microelectronics](https://endata.com/companies/68343.md) (target)

## Sources

- [halomicro.com](https://www.halomicro.com/News_Detail/144.html), 2023-01-19: "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."
- [globenewswire.com](https://www.globenewswire.com/news-release/2023/01/19/2591820/0/en/Navitas-to-Acquire-Silicon-Control-IC-Company.html), 2023-01-19: "Navitas Semiconductor announced an agreement to acquire the remaining minority interest in its silicon control IC joint venture from Halo Microelectronics for a purchase price of $20 million in Navitas stock."
- [einpresswire.com](https://www.einpresswire.com/article/612186439/navitas-to-acquire-silicon-control-ic-company), 2023-01-19: "Navitas Semiconductor announced an agreement to acquire the remaining minority interest in its silicon control IC joint venture from Halo Microelectronics for a purchase price of $20 million in Navitas stock."
- [prnewswire.com](https://www.prnewswire.com/news-releases/halo-microelectronics-agrees-to-sell-its-ac-dc-silicon-controller-ic-venture-301726349.html), 2023-01-19: "This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our leading-edge GaN and SiC technologies."
- [powerelectronicsnews.com](https://www.powerelectronicsnews.com/navitas-to-acquire-silicon-control-ic-company/), 2023-01-20: "This strategic silicon control IC capability is expected to accelerate next-generation GaN and SiC share gains vs. legacy silicon power devices across a broad range of markets."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1821769/000182176923000007/i-20230119.htm), 2023-01-20: "On January 19, 2023, Navitas Semiconductor Corporation issued a press release to announce an agreement to acquire the remaining minority interest in a silicon control IC joint venture from the joint venture partner."
- [compoundsemiconductor.net](https://compoundsemiconductor.net/article/116012/Navitas_to_acquire_Halo), 2023-01-23: "This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our leading-edge GaN and SiC technologies."
- [news.eccn.com](https://news.eccn.com/news_2023012809423212.htm), 2023-01-28: "Halo US将其持有合资公司全部股份5,100,000股全部转让给Navitas；并将其拥有及经希荻微授权其使用的硅（Si）控制器相关技术许可给Navitas使用"
- [sensor360.org](https://www.sensor360.org/news/detail/158128), 2023-02-03: "The transaction price is US$20 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.