Renesas, a Japanese semiconductor manufacturer, agreed to acquire Transphorm, a semiconductor company, for $339m. “Transphorm is a company uniquely led by a seasoned team rooted in GaN power and with origins from the University of California at Santa Barbara. The addition of Transphorm’s GaN technology builds on our momentum in IGBT and SiC. It will fuel and expand our power portfolio as a key pillar of growth, offering our customers the full ability to choose their optimal power solutions,” Hidetoshi Shibata, Renesas CEO.