Transphorm appoints Dr. Primit Parikh to its Board of Directors as CEO alongside Dr. Umesh Mishra as Board Chair

– USA, CA –  Transphorm, Inc. (NASDAQ: TGAN)—a pioneer in and global supplier of high-reliability, high-performance gallium nitride power conversion products, today announced the appointment of Dr. Primit Parikh to its Board of Directors as President and CEO alongside Dr. Umesh Mishra who will serve as Chair of the Board, effective May 15, 2023.

Dr. Parikh and Dr. Mishra, who co-founded the Company’s main operating subsidiary Transphorm Technology Inc., succeed Mario Rivas, who has served as the Company’s CEO since February 2020 and Chair of the Board since May 2022 and, as Transphorm Technology’s CEO since October 2015. Mr. Rivas’s retirement is part of the Company’s management succession planning. Mr. Rivas will enter into a consulting agreement to provide advisory services to the Company through May 15, 2024.

Dr. Parikh has served as the Company’s President and COO since February 2020. He is a co-founder of Transphorm Technology and has served as Transphorm Technology’s COO since 2007, as well as a member of the board of directors of Transphorm Japan, Inc. since 2014. With over 25 years of semiconductor and entrepreneurial experience, his background includes experience with capital raises, international markets and strategic partnerships, products and manufacturing, intellectual property, GaN, and semiconductor technology, and government contracting.

About Transphorm

Transphorm, Inc., a global leader in the GaN revolution, designs and manufactures high-performance and high-reliability GaN semiconductors for high-voltage power conversion applications. Having one of the largest Power GaN IP portfolios of more than 1,000 owned or licensed patents, Transphorm produces the industry’s first JEDEC and AEC-Q101-qualified high voltage GaN semiconductor devices. The Company’s vertically integrated device business model allows for innovation at every development stage: design, fabrication, device, and application support. Transphorm’s innovations move power electronics beyond the limitations of silicon to achieve over 99% efficiency, 50% more power density, and 20% lower system cost. Transphorm is headquartered in Goleta, California, and has manufacturing operations in Goleta and Aizu, Japan.

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