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Halo Microelectronics International will purchase a 30.9% stake in South Korean chip designer Zinitix for KRW21 billion (USD15 million), gaining control of the company.
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.