XMax

XMax has acquired Hexa Creation in a move aimed at strengthening its AI power solutions, according to financial news reports. The deal, covered by Yahoo Finance and Simply Wall Street, positions XMax to better serve surging demand for power management in AI chip infrastructure. Details on the transaction value and strategic terms have not been disclosed.

XMax, a company that originally made furniture before pivoting into artificial intelligence, has acquired a startup producing gallium nitride (GaN) chips. GaN semiconductors are prized for power efficiency, making them valuable for AI data centres where energy consumption and cooling costs are major bottlenecks. The move signals XMax's deepening push into AI infrastructure beyond its software and services roots, and adds to a wave of acquisitions targeting power management chipmakers as demand for AI computing capacity surges worldwide.