Transphorm Technology, Inc. is a semiconductor company. The Company provides GaN devices for high voltage power conversion applications. It is engaged in various activities, such as performing research and development, establishing manufacturing infrastructure, market sampling, product launch, hiring personnel, and raising capital to support and expand these activities. The Company’s Gen IV platform delivers benefits both in assembly and applications, which is the catalyst for the SuperGaN brand. The Company’s GaN technology benefits various markets. The highest adoption rates are projected for the various application areas, including power supplies in infrastructure and information technology (IT); adapters, gaming power supplies in consumer and computing; battery chargers, uninterruptible power supply (UPS) in broad industry; electric vehicles, charging in automotive; and mobile adapters, radio frequency (RF) material in fifth generation (5G).