ABB acquires Czech power semiconductor firm to meet switching device demand from renewable energy
ABB is acquiring a Czech power semiconductor firm, Polovodiče for an undisclosed sum to boost its power semiconductor production, due to the short supply and strong demand for power switching devices used in inverters. ABB is already spending US$150 million over three years to expand its semiconductor plant in Lenzburg, Switzerland. Polovodiče has been making power semiconductors since the mid-1950s and had revenues in the low double-digit millions of US dollars, according to ABB.