Power Integrations to Acquire the Assets of Odyssey Semiconductor
Power Integrations, Inc. (POWI)
Last power integrations, inc. earnings: 1/30 04:01 pm
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Source: Business Wire
Transaction supports continuing development of high-voltage, high-power GaN technology SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (NASDAQ: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced an agreement to acquire the assets of Odyssey Semiconductor Technologies (OTCQB: ODII), a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, after which all key Odyssey employees are expected to join Power Integrations’ technology organization.The acquisition supports the company’s ongoing development roadmap for its proprietary PowiGaN™ technology, which is featured in many of the company’s product families including InnoSwitch™ ICs, HiperPFS™-5 power-factor-correction ICs and the recently launched InnoMux™-2 family of single-stage, multiple-output ICs. The company introduced 900- and 1250-volt versions of PowiGaN technology and products in 2023.Commented Dr. R
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POWI
Earnings
- 5/7/24 - Beat
POWI
Sec Filings
- 5/24/24 - Form 4
- 5/22/24 - Form 144
- 5/21/24 - Form 4
- POWI's page on the SEC website