GaN expert gains SiC expertise: Navitas acquires GeneSiC Semiconductor
Gallium nitride (GaN) power IC maker Navitas Semiconductor acquired Siliconcarbide (SiC) device maker GeneSiC Semiconductor. The combined company can now address a growing market opportunity in power electronics estimated at over $20 billion per year by 2026.gallium nitride and siliconcarbide based switching devices to rule the power semiconductor world for lot more years to come due to their multiple advantages of power density, efficiency, size, and lesser heat generation.
The Key volume target markets includes applications starting from low wattage AC/DC adapters for your mobile phones to 10s and 100s of kWs capable traction inverters and battery chargers of electric vehicles and also 20MW grid-infrastructure systems.
“GeneSiC is an ideal partner for Navitas with their focus and success in developing industry-leading 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 perfect 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 planet’s transition from fossil fuels to clean, efficient, electrical energy.”
“GeneSiC’s patent-protected, advanced technology and innovative, experienced team are critical factors in the growth of our company. 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. “With almost 20 years of leading-edge R&D, proven platforms, over 500 diverse customers, and growing revenue and profitability, we can leverage Navitas’ mass-production expertise and go-to-market strategy to accelerate SiC revenues. We are very excited about this new partnership.”
Dr. Ranbir Singh to join as Executive Vice-President for the GeneSiC business and Navitas expects to retain all members of the GeneSiC team.
Author: Srinivasa Reddy N