Power Integrations to acquire assets of Odyssey Semiconductor
High-voltage integrated circuits specialist, Power Integrations, has agreed to acquire the assets of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology.
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.
“Power Integrations has been at the forefront of GaN development and commercialization since we began shipping products with PowiGaN technology in 2018. We are executing on an ambitious roadmap that includes driving toward cost parity with silicon MOSFETs and expanding the voltage and power capabilities of PowiGaN. Our goal is to commercialize a cost-effective high-current and high-voltage GaN technology to support higher-power applications currently served by silicon carbide (SiC), at a much lower cost and higher performance enabled by the fundamental material advantages of GaN over SiC. The experience of the Odyssey team in high-current vertical GaN will augment and accelerate these efforts, and we are delighted to add them to our team,” says Dr. Radu Barsan, Power Integrations’ vice president of technology in a press release.
The transaction is expected to close in July 2024, after which all key Odyssey employees are expected to join Power Integrations’ technology organisation.
Dr. Richard Brown, Odyssey co-founder and CEO adds that: “The Odyssey team and I are excited to join Power Integrations in accelerating their GaN technology roadmap. As the first company to commercialize high-voltage GaN, Power Integrations continues to lead the industry in driving the technology forward in terms of cost, voltage and current, as well as the design of system-level products that take full advantage of the capabilities of GaN.”
