Halo Microelectronics International Corporation

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.

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.