Allegro MicroSystems to acquire Heyday Integrated Circuits
Sensing and power semiconductor solutions provider Allegro MicroSystems announces the entry into an agreement to acquire Heyday Integrated Circuits, specialising in compact, fully-integrated isolated gate drivers that enable energy conversion in high-voltage gallium nitride and silicon carbide wide-bandgap semiconductor designs.
The Heyday acquisition will complement Allegro’s existing solutions for energy efficiency, including its current sensor solutions. Additionally, it is expected to significantly expand Allegro’s addressable market for electric vehicles (xEV), solar inverters, datacenter and 5G power supplies, and broad-market industrial applications, a company press release reads.
With high-powered GaN and SiC wide bandgap systems expected to grow significantly over the next decade, our customers are facing an exponential demand for simplified power management solutions,” said Michael Doogue, Senior Vice President of Technology and Products at Allegro, in the press release. High-voltage isolated gate drivers are a fundamental enabling technology for the future of high-efficiency power system designs. Coupled with our market-leading integrated current sensors, Heyday’s Power-ThruTM technology will allow our customers to build some of the smallest high-voltage and high efficiency power systems available today.
Allegro will pay approximately USD 19 million in cash for the acquisition of Heyday, subject to customary purchase price adjustments. The acquisition is expected to close in the third quarter of calendar year 2022, subject to customary closing conditions and required regulatory approvals.