Navitas Semiconductor, Industry-Leader In Gallium Nitride Power Ics, Announces Acquisition Of Genesic Semiconductor, Silicon Carbide Pioneer
Acquiring Company
Navitas Semiconductor
Acquired Company
GeneSiC Semiconductor
TorranceManufacturingInformation TechnologyManufacturingEnergyRenewable EnergySolarElectronicsDescription
Navitas Semiconductor (Nasdaq: NVTS), the industry leader in gallium nitride (GaN) power ICs, today announced the acquisition of GeneSiC Semiconductor, a silicon carbide (SiC) pioneer with deep expertise in SiC power device design and process. The transaction is immediately accretive to Navitas as GeneSiC is highly profitable, with more than 25% EBITDA margins. Calendar 2022 revenues are expected to be approximately $25 million with demonstrated annual growth rates of over 60%. The combined company creates a comprehensive, industry-leading technology portfolio in next-generation power semiconductors - both GaN and SiC – with an aggregate market opportunity estimated at over $20 billion per year by 2026.
Quick answer
Navitas Semiconductor is acquiring GeneSiC Semiconductor, announced August 15, 2022. Navitas Semiconductor is based in Torrance, California, United States.
- How much did Navitas Semiconductor pay for GeneSiC Semiconductor?
- The deal value was not disclosed.
- What does Navitas Semiconductor do?
- Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, founded in 2014.
- Where are Navitas Semiconductor and GeneSiC Semiconductor based?
- Navitas Semiconductor is based in Torrance, California, United States.
- Who are the decision-makers at Navitas Semiconductor?
- Fundz holds 4 contacts at Navitas Semiconductor. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired GeneSiC Semiconductor?
GeneSiC Semiconductor was acquired by Navitas Semiconductor, based in Torrance. The deal was reported on August 15, 2022. Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, founded in 2014. Navitas Semiconductor is privately held and operates in Manufacturing.
When did Navitas Semiconductor acquire GeneSiC Semiconductor?
Navitas Semiconductor's acquisition of GeneSiC Semiconductor was reported on August 15, 2022. Navitas Semiconductor (Nasdaq: NVTS), the industry leader in gallium nitride (GaN) power ICs, today announced the acquisition of GeneSiC Semiconductor, a silicon carbide (SiC) pioneer with deep expertise in SiC power device design and process. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does GeneSiC Semiconductor do?
GeneSiC Semiconductor is a pioneer and world-leader in silicon carbide (SiC) technology. Leading global manufacturers depend on GeneSiC’s technology to elevate the performance and efficiency of their products. It is privately held, operating in Manufacturing.
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