Power Integrations To Acquire The Assets Of Odyssey Semiconductor; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Power Integrations (NASDAQ:POWI) has announced an agreement to acquire the assets of Odyssey Semiconductor Technologies (OTCQB:ODII), a developer of vertical gallium-nitride (GaN) transistor technology. This acquisition is aimed at enhancing Power Integrations' development of high-voltage, high-power GaN technology, supporting its PowiGaN technology roadmap. The transaction is expected to close in July 2024, with key Odyssey employees joining Power Integrations. This move is part of Power Integrations' strategy to achieve cost parity with silicon MOSFETs and expand the voltage and power capabilities of its GaN technology.
May 07, 2024 | 12:16 pm
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POSITIVE IMPACT
Odyssey Semiconductor Technologies' assets acquisition by Power Integrations marks a significant transition for the company, potentially impacting its operational focus and future development directions.
For Odyssey Semiconductor, the acquisition by Power Integrations could mean a significant shift in its business operations and future prospects. The transition of key employees and technology to Power Integrations might lead to positive outcomes for ODII, depending on the terms of the acquisition and future integration plans.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Power Integrations' acquisition of Odyssey Semiconductor's assets is a strategic move to enhance its high-voltage, high-power GaN technology development, potentially strengthening its market position and product offerings.
The acquisition directly impacts Power Integrations by potentially enhancing its technological capabilities and product offerings in the high-voltage, high-power GaN technology sector. This strategic move could lead to increased competitiveness and market share, positively affecting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90