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ODYSSEY SEMCONDCTR TECH - $ODII STOCK NEWS

Welcome to our dedicated page for ODYSSEY SEMCONDCTR TECH news (Ticker: $ODII), a resource for investors and traders seeking the latest updates and insights on ODYSSEY SEMCONDCTR TECH stock.

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Power Integrations, a leader in high-voltage integrated circuits for energy-efficient power conversion, announced the acquisition of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, with all key Odyssey employees joining Power Integrations. This acquisition will support the development of Power Integrations' PowiGaN™ technology, enhancing their product families and expanding their voltage and power capabilities.

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Odyssey Semiconductor Technologies, Inc. (ODII) announces a definitive agreement to sell its assets to a large semiconductor company for $9.52 million in cash. The deal is subject to a 'go shop' period and shareholder vote in Q2 2024. The transaction, approved by the Odyssey Board, is expected to close in Q3 2024. Net proceeds after expenses may leave approximately $1.3 million to be shared among common shareholders.
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Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) reported its Q4 and full year 2023 results, focusing on scaling Vertical GaN technology for high-voltage power switching components. The company aims to offer greater commercial advantages over silicon, silicon carbide, or lateral GaN. Odyssey's market includes the fast-growing 650 and 1200-volt segments, projected to exceed $5 billion in 2027 with a 40% CAGR. Recent advancements include strategic financing, foundry services projects, and Chairman's debt restructuring.
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Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) announced the appointment of Rick Brown as CEO, replacing Mark Davidson. The company is developing high-voltage power switching components using proprietary Gallium Nitride ("GaN") processing technology, aiming to secure longer-term financing and explore strategic alternatives while facing financial constraints. Odyssey has made progress in scaling its Vertical GaN technology and developing a larger device to demonstrate the technology's potential for customer use, offering significant commercial advantages over competing technologies. The company is also making headway with foundry services projects, expecting recurring revenue clients for 2024 and beyond.
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Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) reported its third quarter 2023 results, highlighting significant advancements, including a signed MOU with a GaN partner, a letter of support from a major European car manufacturer, and participation in an industrial motor power density challenge. The company remains financially constrained but anticipates outcomes from investor and strategic partner conversations by year-end. With a 40% CAGR to 2027 in its addressable market, Odyssey is uniquely positioned in the high growth megatrend movement to high voltage, offering commercial advantages over competing technologies.
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Odyssey Semiconductor Technologies, Inc. reported its first quarter 2023 results. The company successfully delivered vertical GaN product samples to lead customers in Q1 and is now focused on delivering samples to additional customers and signing product development agreements. Odyssey is engaged in product definition conversations with leading EV automotive, industrial motor, and renewable energy customers. The market for the company's 650 and 1200 volt power devices is expected to exceed $5 billion in 2027 with a 40% combined CAGR.
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ODYSSEY SEMCONDCTR TECH

Nasdaq:ODII

ODII Rankings

ODII Stock Data

879.43k
4.33M
66.55%
Semiconductors
Technology
Link
United States of America
Ithaca

About ODII

odyssey semiconductor technologies, inc., a semiconductor device company, develops high-voltage power switching components and systems based on proprietary gallium nitride processing technology. the company was founded in 2019 and is based in ithaca, new york.