Navitas Semiconductor, supplier of GaN power ICs announced the acquisition of GeneSiC Semiconductor, a 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 technology portfolio in of both GaN and SiC – with an aggregate market opportunity estimated at over $20 billion per year by 2026. “GeneSiC is an ideal partner with their focus and success in developing advanced SiC technology,” said Gene Sheridan, Navitas CEO and co-founder. “Navitas has significant investments in global sales, operations and technical support teams, along with system design centers in EV and data centers. These capabilities are a complement to GeneSiC and will further accelerate their growth in both synergistic and new customers and markets. Today, we have taken a major step in our company’s mission to ‘Electrify Our World™’ and drive our transition from fossil fuels to clean, efficient, electrical energy.” “Our SiC MOSFETs offer the industry’s highest performance, reliability, and ruggedness - parameters critical towards widespread adoption of electric vehicles and associated infrastructure,” said GeneSiC President Dr. Ranbir Singh.

In power semiconductors, both GaN and SiC are superior materials to legacy silicon, enabling higher speeds, greater energy savings, faster charging, and significantly reduced size, weight, and cost. Together, these complementary, next-generation materials address a broad range of applications from 20 W smartphone chargers, to 20 kW EV chargers, to 20 MW grid-infrastructure systems and everything in between. With over 500 customers, the GeneSiC acquisition delivers diversified and synergistic markets and customers, and accelerates Navitas’ revenue in strategic, higher-power applications. AS

www.navitassemi.com