XMax Agrees to Buy Hexa Creation to Enter AI Data-Center Power Semiconductors

XMax signed a definitive agreement to acquire all of Hexa Creation, adding a proposed power-semiconductor business to its AI strategy. Announced October 9, 2026, the deal targets technology being developed for AI data-center power infrastructure and other high-voltage uses. It is an agreement to buy the company, not confirmation that the acquisition has closed.

The share purchase agreement covers 100% of Hexa Creation’s issued and outstanding shares. XMax did not disclose the material financial terms in its announcement. It said those terms would appear in a Form 8-K filed with the U.S. Securities and Exchange Commission on October 9.

XMax, formerly Nova LifeStyle, has a business mix that already spans contemporary furniture and AI technologies. Based in Commerce, California, it designs, sources and distributes furniture through suppliers, distributors and e-commerce channels. Its AI software and platform-based services operate through wholly owned subsidiaries XMax AI and Elonx AI Holdings. The proposed purchase would take that diversification into a different field: power semiconductors.

Chief executive Andy Lu described the acquisition as XMax’s entry into high-voltage power semiconductors. He framed it as complementary to the company’s work on AI software, platforms and GPU services, rather than a replacement for those businesses.

The technology behind the purchase

Hexa Creation, also called HexaGaN, is a U.S.-based developer focused on gallium nitride, or GaN, power semiconductor technology. Its roadmap centers on a native 1200V vertical GaN trench MOSFET—a power semiconductor device intended for high-voltage and high-power applications. XMax positions that design beyond the 650V-and-below range where, according to its announcement, much of the current commercial GaN market is concentrated.

The target holds an exclusive license to certain patents and related intellectual property supporting its high-voltage vertical GaN platform. Those rights belong to a U.S. public university that XMax did not name.

XMax links the technology to emerging higher-voltage data-center architectures, including 800V direct-current systems. It believes those architectures may increase demand for efficient 1200V-class power devices.

We believe the acquisition by XMax would give our 1200V vertical GaN work a path toward commercialization.

Professor Yuji Zhao, CEO and founder of Hexa Creation

A commercial roadmap beyond AI

Zhao also said he believes vertical GaN can deliver higher efficiency and power density in high-voltage applications. He described XMax’s support as allowing Hexa Creation to focus on advancing the technology.

AI infrastructure is not Hexa Creation’s only intended market. It is also targeting electric vehicles, energy storage, ultra-fast charging and other high-voltage applications. XMax says the longer-term roadmap may consider moving from individual power devices into power modules and broader power-system solutions.

To frame the market opportunity, XMax cited an October 2025 Yole Group report projecting global GaN power-device sales rising from approximately $355 million in 2024 to approximately $3 billion in 2030.