XMax Announces Acquisition of Hexa Creation to Expand AI Infrastructure Strategy
XMax (NASDAQ: XMAX) has agreed to acquire 100% of Hexa Creation, a move aimed at expanding its artificial intelligence infrastructure strategy into power systems. The acquisition targets key areas such as AI data centers, electric vehicles, energy storage, and ultra-fast charging solutions. Hexa Creation holds exclusive rights to university-owned intellectual property for its high-voltage gallium nitride (GaN) platform. The GaN market is expected to grow significantly, with Yole Group forecasting it will expand from $355 million in 2024 to $3 billion by 2030 at a compound annual growth rate of 42%. This acquisition aligns XMax's strategy with emerging trends and technologies that are central to the future of AI infrastructure. The move is part of broader efforts by XMax, also known as Nova Lifestyle, to position itself in high-growth sectors. The company has previously expanded into industries like K-Fashion using AI.
Topics: AI electric vehicles energy storage GaN technology power infrastructure