Renesas Electronics Enters GaN Market

Renesas Electronics, a global supplier of semiconductor solutions, recently announced that it has reached a final agreement with Transphorm, a global supplier of gallium nitride (GaN) power semiconductors, and a subsidiary of Renesas Electronics will acquire all outstanding common shares of Transphorm for US$5.10 per share in cash. The acquisition will provide Renesas Electronics with internal GaN technology, thereby expanding its business scope in fast-growing markets such as electric vehicles, computing (data centers, artificial intelligence, infrastructure), renewable energy, industrial power supplies, and fast chargers/adapters.