Nexperia announced the acquisition of Nowi on the 11th to expand its power management product portfolio, including energy harvesting solutions.
Nowi's PMICs combine the smallest PCB footprint, lowest BOM cost and best average harvest performance. Nexperia's manufacturing capabilities and capabilities, as well as its global infrastructure, will ensure Nowi can together accelerate the production of these solutions, leading to higher volume production and shipments in late 2022 and early 2023.
“Nowi represents a strategically important investment because energy harvesting is the perfect complement to Nexperia’s existing power management capabilities,” says Dan Jensen, General Manager Business Group Analog & Logic ICs at Nexperia. “This decision means Nexperia can now offer customers a sustainable alternative to battery power for their products, that will be available in the market quickly. The team at Nowi has built a strong foundation on which we are only looking to build and facilitate the ability to scale – both from the production side, but also the business and the team. We are excited to be bringing the Nowi team into the Nexperia family.”
“Becoming part of Nexperia makes sense on many levels,” according to Simon van der Jagt, Nowi B.V. CEO. “Having access to the fabrication, sales, and marketing infrastructure of a large semiconductor manufacturer will allow us to bring better products to market much faster. Our shared Dutch heritage will bring added synergy to future activities. The team is very excited about the future as part of Nexperia and together achieving our mission. We will be better together, stronger together.”
The completion of the acquisition took place on November 11, 2022.
