Furniture-turned-AI firm XMax buys GaN chip startup to power AI data centres

What's the deal? XMaxDealroom has a profile for this one. Try Dealroom →, a Nasdaq-listed furniture distributor turned AI services provider, has signed a definitive agreement to acquire 100% of Hexa CreationDealroom has a profile for this one. Try Dealroom →, a US startup developing 1200V vertical gallium nitride (GaN) power semiconductors. Terms were undisclosed and will appear in a Form 8-K filed with the Securities and Exchange Commission on October 9, 2026.

What each side brings: Hexa Creation, also known as HexaGaN, is building a native 1200V vertical GaN trench MOSFET for high-voltage applications beyond the 650V-and-below range that dominates today's commercial GaN market. It holds an exclusive license to patents owned by one of the largest US public universities. XMax, formerly Nova LifeStyleDealroom has a profile for this one. Try Dealroom →, runs AI software, platform and GPU services through subsidiaries XMax AI and Elonx AI HoldingsDealroom has a profile for this one. Try Dealroom →.

Why now? Next-generation AI data centres are shifting toward higher-voltage power architectures, including emerging 800VDC systems. XMax expects that shift to lift demand for efficient, 1200V-class power devices.

What's the endgame? The deal extends XMax's AI strategy from software into the power infrastructure that runs AI computing. Hexa Creation is also targeting electric vehicles, energy storage, and ultra-fast charging, and may expand over time from discrete devices into power modules and systems.

"This acquisition marks XMax's entry into high-voltage power semiconductors, a field closely tied to the growing power demands of AI infrastructure," said Andy Lu, chief executive officer of XMax.

Professor Yuji Zhao, Hexa Creation's chief executive officer and founder, said the deal gives "our 1200V vertical GaN work a path toward commercialization."

The signal: The GaN power device market is set to grow from roughly $355 million in 2024 to about $3.0 billion by 2030, a 42% annual clip, per Yole GroupDealroom has a profile for this one. Try Dealroom →. XMax's pivot — from selling sofas to backing chips for AI data centres — shows how far-flung companies are racing to position around the energy bottleneck of the AI build-out.

Read more: Business Insider

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