XMax to acquire GaN firm Hexa Creation
XMax, a distributor of contemporary furniture and AI software has entered into a share purchase agreement to acquire all of shares of Hexa Creation, a US-based early-stage power semiconductor company focused on 1200V vertical GaN technology.
XMax wants to extend its AI strategy into power infrastructure for AI computing and other high-voltage applications. The company believes the acquisition supports its broader strategy of diversification and long-term value creation.
Hexa Creation’s technology roadmap centres on a native 1200V vertical GaN trench MOSFET designed for high-voltage and high-power applications beyond the 650V-and-below range where much of today’s commercial GaN market is concentrated.
Hexa olds an exclusive license to certain patents and related IP owned by one of the largest public universities in the United States supporting its high-voltage vertical GaN technology platform.
As next-generation AI data centres move toward higher-voltage power architectures, including emerging 800VDC systems, XMax believes demand may increase for high-efficiency, 1200V-class power semiconductor devices. Hexa Creation is targeting these emerging AI power-infrastructure applications, as well as electric vehicles, energy storage, ultra-fast charging and other high-voltage markets.
“This acquisition marks XMax’s entry into high-voltage power semiconductors, a field closely tied to the growing power demands of AI infrastructure. The acquisition of Hexa Creation diversifies our business opportunities and complements XMax’s growing AI business as XMax builds out AI software, platform-based and GPU services through our wholly owned subsidiaries XMax AI Inc. and Elonx AI Holdings PTE. LTD.,” said Andy Lu, CEO of XMax.
“We believe the acquisition by XMax would give our 1200V vertical GaN work a path toward commercialisation. We believe vertical GaN can bring higher efficiency and power density to high-voltage applications, and XMax’s support allows us to focus on advancing that technology.” said Yuji Zhao, CEO and founder of Hexa Creation.
