◂ Announcements

Nov 30, 2024ACQUISITIONUnited States

Hyundai Mobis acquires $15M stake in Elevation Microsystems

Hyundai Mobis acquired a significant stake in U.S. fabless semiconductor company Elevation Microsystems for $15 million. The investment was completed in November 2024.

Value

$15.0M

Status

Completed

Productshigh-voltage power semiconductorssilicon carbide (SiC) and GaN FETsisolated gate driversMatrix LED drivers

CompaniesHyundai Mobis acquirer Elevation Microsystems target

Sectors#Semiconductors and Industrial Electronics #Automotive Components

“Hyundai Mobis has acquired a significant stake in the company. The $15M investment was completed in November 2024.”smttoday.com

2 sources
smttoday.comHyundai Mobis Acquires Stake in U.S. Fabless Semiconductor Company for Electric Vehicle Applications - SMT TodayRebecca LeeMar 19, 2025
globalsmt.netHyundai Mobis Acquires Stake in U.S. Fabless Semiconductor Company for Electric Vehicle Applications - Electronics Manufacturing NewsMar 21, 2025

Summarized from public sources; check the original articles before acting on it.

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◂ Announcements

Hyundai Mobis acquires $15M stake in Elevation Microsystems

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◂ Announcements

Hyundai Mobis acquires $15M stake in Elevation Microsystems

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