Power Integrations Announces Strategic Investment in SemiSouth Laboratories

Power Integrations announced a strategic investment in SemiSouth Laboratories, Inc., a manufacturer of high-voltage silicon-carbide (SiC) semiconductor devices. Power Integrations’ commitment of $30 million, which includes an equity investment in SemiSouth, a technology license and other financial commitments, will help drive the continued expansion of SemiSouth’s SiC fabrication facility and spur continued growth of clean-tech jobs in Mississippi.

The companies will collaborate to drive adoption of SemiSouth’s SiC technology, which enables ultra-efficient power conversion for solar and wind inverters, hybrid/electric vehicles and other applications that benefit from exceptionally high energy efficiency.

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