# Halo US sells joint venture stake to Navitas for $20M in stock

Halo Microelectronics International Corporation (Halo US), a subsidiary of Silergy (Xidiwei), signed an agreement to sell its entire 30% stake in a joint venture to Navitas Semiconductor and license silicon controller technology to Navitas in exchange for $20 million worth of Navitas common stock. The agreement was announced on March 15, 2023.

- Type: Acquisition
- Announced: 2023-03-15
- Where: United States
- Value: $20.0M
- Status: announced
- Products: silicon controller technology, GaN and SiC semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [spec.icspec.com](https://spec.icspec.com/blog/11282), 2023-03-15: "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"

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