Navitas Semiconductor Corporation entered into an agreement to acquiring remaining minority interest in Silicon Control IC Company from Halo Microelectronics Co., Ltd. for $20 million.

Navitas Semiconductor Corporation (NasdaqGM:NVTS) entered into an agreement to acquiring remaining minority interest in Silicon Control IC Company from Halo Microelectronics Co., Ltd. for $20 million on January 19, 2023. As Navitas was already the majority shareholder of Silicon Control IC Company. The transaction is expected to close in February.

In 2021, Navitas and Halo created a joint venture to develop application-specific silicon controllers that are optimized to work in combination with Navitas GaN ICs to set new standards for efficiency, density, cost and integration for a wide range of applications.