Note 11 - Related Party Transactions

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

11.

Related Party Transactions

As a result of the Company’s acquisition of IXYS, the Company has equity ownerships in various investments that are accounted for under the equity method. The following is a description of the investments and related party transactions.

Powersem GmbH:

The Company owns

45%

of the outstanding equity of Powersem GmbH (“Powersem”), a module manufacturer based in Germany. During the

three

and

six

months ended

June 30, 2018,

the Company recorded revenues of

$0.3

 million and

$0.4

million, respectively from sales of products to Powersem for use as components in their products. During the

three

and

six

months ended

June 30, 2018,

the Company purchased

$1.0

 million and

$2.1

million, respectively of products from Powersem. At

June 30, 2018,

the accounts receivable balance from Powersem was

$0.1

million and the accounts payable balance to Powersem was

$0.3

million.

EB Tech Ltd.:

The Company owns approximately

20%

of the outstanding equity of EB Tech Ltd. (“EB Tech”), a company with expertise in radiation technology based in South Korea. During the

three

and

six

months ended

June 30, 2018

EB Tech rendered processing services for the Company totaling approximately

$0.1

million and

$0.2

million, respectively. As of

June 

30,

2018,

the Company’s accounts payable balance to EB Tech was immaterial.

Automated Technology, Inc.

: The Company owns approximately

24%

of the outstanding common shares of Automated Technology, Inc (“ATEC”), a supplier located in the Philippines that provides assembly and test services. During the

three

and

six

months ended

June 30, 2018,

ATEC rendered assembly and test services to the Company totaling approximately

$2.8

 million and

$5.2

million, respectively. As of

June 

30,

2018,

the Company’s accounts payable balance to ATEC was

$0.7

million.