XMax (XMAX) to acquire Hexa Creation, expanding AI infrastructure strategy
- XMax (XMAX) announced on Friday it agreed to acquire 100% of Hexa Creation.
- The acquisition expands the company's AI strategy into power infrastructure, targeting AI data centers, electric vehicles, energy storage, and ultra-fast charging.
- Hexa Creation has secured exclusive rights to university-owned intellectual property underpinning its high-voltage GaN platform.
- Yole Group projects the global GaN power device market to grow to $3B by 2030 from $355M in 2024, implying a 42% CAGR.
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