Japan's Renesas to acquire U.S. power semiconductor maker – Nikkei Asia

Chipmaker eyes full-fledged entry into gallium nitride chips for EVs
TOKYO — Japanese chipmaker Renesas Electronics will acquire U.S. power semiconductor company Transphorm for $339 million, the buyer said on Thursday, looking to boost its presence in advanced gallium nitride (GaN) chips for electric vehicles.
The acquisition will be completed in the second half of 2024. Transphorm will become a wholly owned subsidiary of Renesas.
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