# 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.

- Type: Acquisition
- Announced: 2024-11-30
- Where: United States
- Value: $15.0M
- Status: completed
- Products: high-voltage power semiconductors, silicon carbide (SiC) and GaN FETs, isolated gate drivers, Matrix LED drivers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Mobis](https://endata.com/companies/10831.md) (acquirer)
- [Elevation Microsystems](https://endata.com/companies/83606.md) (target)

## Sources

- [smttoday.com](https://smttoday.com/2025/03/19/hyundai-mobis-acquires-stake-in-u-s-fabless-semiconductor-company-for-electric-vehicle-applications/), 2025-03-19: "Hyundai Mobis has acquired a significant stake in the company. The $15M investment was completed in November 2024."
- [globalsmt.net](https://www.globalsmt.net/advanced-packaging/hyundai-mobis-acquires-stake-in-u-s-fabless-semiconductor-company-for-electric-vehicle-applications/), 2025-03-21: "This investment reflects our commitment to advancing the development of next-generation power management technologies and reinforces our role as a key player in the electric vehicle semiconductor space."

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