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-0.000920093424871002 -7.07764172978932E-05 -7.07764172978932E-05 0.00120319909406177 -0.00389270295137668 -0.00452969070705651 -0.00530823129733173 -0.00658220680869139
Stock impact report

Power Integrations to Acquire the Assets of Odyssey Semiconductor [Yahoo! Finance]

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Yahoo! Finance
SAN JOSE, Calif., May 07, 2024 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. Radu Barsan, Power Integrations' vice president of technology: "Power Show less Read more
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