Renesas Announces Acquisition of Transform Inc., a GaN Power Semiconductor Technology Company
🟦 Renesas Enters GaN Market Full-Scale Entry with Acquisition of Transform
Renesas Electronics announced that it will acquire Transform for $ 339 million (about 49.2 billion yen). The acquisition is expected to close in the second half of 2024 (July-December) following shareholder and regulatory approvals.
Transform is a specialized manufacturer of power semiconductors using gallium nitride (GaN), which is expected to be a next-generation semiconductor material. The company focuses on the production of GaN semiconductors and possesses the technology to meet international standards in automotive GaN technology. Renesas has a large number of automotive customers, and synergies are expected when combined with Transform.
🟦Strengthening market competitiveness in EVs, computing, and renewable energy
GaN is a next-generation power semiconductor material that is critical to increasing competitiveness in fast-growing markets such as EVs, computing, and renewable energy. Renesas has already announced the establishment of a new production line for SiC, another next-generation power semiconductor. The acquisition is expected to expand the power semiconductor portfolio and strengthen its presence in the high-efficiency power system market.
🟦Summary
Renesas announced the acquisition of Transform, Inc., a technology company in the field of gallium nitride (GaN) power semiconductors. The acquisition is expected to expand Renesas’ product range and increase its influence, especially in the automotive and industrial markets.
With the power of Renesas’ brand, transform’s GaN products may also become profitable.
