# XMax to Acquire Semiconductor Developer Hexa Creation

- URL: https://stocks.freetheai.org/news/xmax-to-acquire-semiconductor-developer-hexa-creation-6106d9
- Published: 2026-10-09T12:00:00Z
- Category: mergers; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:XMAX](https://stocks.freetheai.org/symbols/NASDAQ-XMAX)
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XMax Inc. (NASDAQ:XMAX) has agreed to purchase all outstanding shares of Hexa Creation Inc., a U.S. firm specializing in vertical gallium nitride (GaN) power semiconductors. XMax currently operates as a distributor of modern furniture while also offering artificial intelligence software and platform services. This transaction represents an expansion into heavy-duty electrical infrastructure.

With this purchase, XMax aims to broaden its artificial intelligence operations by entering the hardware side, specifically the power systems needed for intensive AI data processing. The acquired firm is developing 1200-volt vertical GaN semiconductor components. These parts are engineered to handle high-voltage demands that exceed the typical 650-volt limit of most commercial products currently on the market. These high-power semiconductors are designed for upcoming 800-volt direct-current data centers, electric cars, rapid charging stations, and grid storage systems. Industry forecasts suggest the worldwide market for GaN power components could experience rapid growth, climbing from roughly $355 million in 2024 to nearly $3.0 billion by the end of the decade.

The financial details and key terms of the acquisition are set to be disclosed in a forthcoming regulatory filing with the Securities and Exchange Commission. Looking ahead, the market will likely track how quickly the technology can be commercialized, as well as any future shift from individual chips to complete power modules and systems. XMax shares gained 0.92% today, closing at $8.82.

## Key points

- XMax Inc. agreed to buy all outstanding shares of semiconductor developer Hexa Creation Inc.
- The acquired firm designs 1200-volt vertical gallium nitride power devices for high-voltage uses.
- The transaction helps XMax expand its artificial intelligence strategy into hardware and power systems.
- Industry estimates project the worldwide GaN power component market will grow to $3.0 billion by 2030.
- XMax shares traded up 0.92% at $8.82 following the announcement.

## Questions and answers

### Why is XMax acquiring Hexa Creation?

XMax wants to extend its artificial intelligence business into the power hardware and infrastructure required for high-voltage computing systems.

### What technology does Hexa Creation develop?

The company creates 1200-volt vertical gallium nitride power components built to handle demanding high-voltage electrical applications.

### How fast is the gallium nitride power device market expected to grow?

The global market is estimated to expand from about $355 million in 2024 to nearly $3.0 billion by 2030.