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Sanken Electric Co., Ltd. ( (JP:6707) ) just unveiled an announcement.
Sanken Electric Co., Ltd. has announced the acquisition of POWDEC K.K., a company with proprietary gallium nitride (GaN) epitaxial technology, to accelerate the commercialization of GaN devices. This strategic move is expected to enhance Sanken’s development capabilities in the GaN power device market, allowing for the creation of high-performance devices with improved efficiency and environmental benefits. The acquisition, valued at approximately 1.3 billion yen, aligns with Sanken’s 2024 Medium-Term Management Plan and aims to strengthen its position in the automotive, white goods, and industrial equipment markets.
More about Sanken Electric Co., Ltd.
Sanken Electric Co., Ltd. operates in the semiconductor industry, focusing on the development and production of power devices and modules. The company is known for its expertise in compound devices and is actively investing in growth areas to enhance its market position.
YTD Price Performance: 27.62%
Average Trading Volume: 220,085
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen178.8B
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