# Renesas to acquire Transphorm for $339 million

Renesas Electronics Corporation agreed to acquire Transphorm, Inc., a GaN power semiconductor manufacturer, for $5.10 per share in cash, totaling approximately $339 million. The deal is expected to close in the second half of 2024.

- Type: Acquisition
- Announced: 2024-01-10
- Where: Goleta, California, United States
- Value: $339.0M
- Status: announced
- Products: gallium nitride (GaN) power semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (acquirer)
- [Transphorm](https://endata.com/companies/40965.md) (target)

## Sources

- [wsgr.com](https://www.wsgr.com/en/insights/wilson-sonsini-advises-transphorm-on-dollar339-million-acquisition-by-renesas.html), 2024-01-11: "The acquisition will provide Renesas with in-house GaN technology, a key next-generation material for power semiconductors."
- [cov.com](https://www.cov.com/en/news-and-insights/news/2024/01/covington-advises-renesas-in-339-million-acquisition-of-transphorm), 2024-01-11: "The acquisition affords Renesas in-house GaN technology capabilities, expanding its reach into fast-growing markets such as EVs, computing, renewable energy, industrial power conversion, and fast chargers/adapters."
- [businesswire.com](https://www.businesswire.com/news/home/20240110228822/en/Renesas-to-Acquire-Transphorm-to-Expand-its-Power-Portfolio-with-GaN-Technology), 2024-01-11: "The acquisition will provide Renesas with in-house GaN technology, a key next-generation material for power semiconductors."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1715768/000119312524006331/d715159ddefa14a.htm), 2024-01-11: "On January 10, 2024, Transphorm, Inc., a Delaware corporation (“Transphorm”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Renesas Electronics America Inc."
- [compoundsemiconductor.net](https://compoundsemiconductor.net/article/118491/Acquisitions_in_power), 2024-01-22: "Transphorm’s automotive-qualified GaN technology was mentioned explicitly by Renesas as a reason for its purchase, to enable the development of enhanced power solutions for EVs."
- [eepower.com](https://eepower.com/news/intel-renesas-make-strategic-moves-in-power-semiconductors/), 2024-02-01: "The acquisition of Transphorm will allow Renesas to develop high voltage, power-dense GaN solutions internally."

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