Brief: Navitas Semiconductor To Acquire Silicon Control IC Company

Navitas Semiconductor

19/01/2023 13:42

Jan 19 (Reuters) - Navitas Semiconductor Corp  NVTS.O :
    * NAVITAS TO ACQUIRE SILICON CONTROL IC COMPANY
    * NAVITAS TO ACQUIRE SILICON CONTROL IC COMPANY
    * NAVITAS SEMICONDUCTOR-AGREEMENT TO ACQUIRE REMAINING
MINORITY
INTEREST IN SILICON CONTROL IC JOINT VENTURE FOR PURCHASE PRICE
OF $20 MILLION IN CO'S STOCK
    * NAVITAS SEMICONDUCTOR - ADDRESSABLE MARKET POTENTIAL FOR
THIS
ADDITIONAL SILICON CONTROLLER CAPABILITY IS ESTIMATED AT OVER $1
BILLION PER YEAR BY 2026

Source text for Eikon:  ID:nGNX86N9gx 
Further company coverage:  NVTS.O 
 ((Reuters.Briefs@thomsonreuters.com;))