XMax to Acquire Hexa Creation, Developer of 1200V Vertical GaN Power Semiconductor Technology
Key Highlights
- ➤XMax (XMAX) agreed to acquire 100% of Hexa Creation’s issued and outstanding shares
- ➤Hexa Creation is developing native 1200V vertical GaN trench MOSFET technology
- ➤Acquisition terms will be disclosed in XMax’s October 9, 2026 Form 8-K
- ➤Hexa Creation holds an exclusive license to university-owned patents supporting its technology platform
- ➤Yole projects the global GaN power device market will reach approximately $3.0 billion by 2030
Expert Statements
Andy Lu, Chief Executive Officer of XMax
“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.”
Yuji Zhao, CEO and Founder of Hexa Creation
“We believe the acquisition by XMax would give our 1200V vertical GaN work a path toward commercialization. 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”
LOS ANGELES, Oct. 09, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XMAX) (“XMax” or the “Company”), a distributor of contemporary furniture and artificial intelligence software and platform-based service provider, today announced that it has entered into a definitive share purchase agreement to acquire 100% of the issued and outstanding shares of Hexa Creation Inc. (“Hexa Creation” or “HexaGaN”), a U.S.-based company focused on 1200V vertical gallium nitride (GaN) power semiconductor technology for AI data center power infrastructure and other high-voltage applications. The material terms of the Agreement will be disclosed in the Form 8-K filed by the Company with the SEC on October 9, 2026.
XMax is acquiring Hexa Creation 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.
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