Halo Microelectronics announced an agreement to sell the remaining interest in its AC-DC silicon controller IC joint venture to Navitas Semiconductor for a total sale price of US $20 million in Navitas’ stock.
In 2021, Halo Microelectronics and Navitas created a joint venture to develop application-specific silicon controllers that are optimized to work in combination with GaN ICs to set new standards for high efficiency, density, cost, and integration for a wide range of applications.
Through their joint venture, the first family of products developed and released to production addressed the AC-DC power supply applications across the mobile, consumer, white goods, and auxiliary power supplies in the enterprise, renewables, and other related markets.
“The successful culmination of our partnership to provide innovative GaN and controller copak enabled us the highest efficiency and smallest solutions for mobile fast charging was a win-win for both companies,” said David Nam, CEO of Halo Microelectronics.
“This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our leading-edge GaN and SiC technologies,” said Navitas CEO and co-founder Gene Sheridan.