M&A Deal Summary

Navitas Semiconductor Acquires GeneSiC Semiconductor

On August 15, 2022, Navitas Semiconductor acquired semiconductors company GeneSiC Semiconductor for 100M USD

Acquisition Highlights
  • This is Navitas Semiconductor’s 1st transaction in the Semiconductors sector.
  • This is Navitas Semiconductor’s largest (disclosed) transaction.
  • This is Navitas Semiconductor’s 1st transaction in the United States.
  • This is Navitas Semiconductor’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-08-15
Target GeneSiC Semiconductor
Sector Semiconductors
Buyer(s) Navitas Semiconductor
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) BofA Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

GeneSiC Semiconductor

Dulles, Virginia, United States
GeneSiC Semiconductor is a silicon carbide (SiC) pioneer with deep expertise in SiC power device design and process. GeneSiC Semiconductor was founded in 2004 and is based in Dulles, Virginia.

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Buyer(S) 1

Buyer

Navitas Semiconductor

Torrance, California, United States
Category Company
Founded 2013
Sector Semiconductors
Employees314
Revenue 79M USD (2023)
DESCRIPTION

Navitas Semiconductor is a fabless chip company for next-generation power management. Applications include mobile phones, drones, tablets and laptops, Wireless charging, Electric Vehicles, Solar, and Datacentre, enabling smaller size & 10x faster charging times. Navitas Semiconductor was founded in 2013 and is based in Torrance, California.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal