Ideal Power Appoints David Somo as CEO to Accelerate Growth in Semiconductor Market

Ideal Power Appoints David Somo as New President and CEO, Eyeing Growth in Semiconductor Sector

Ideal Power Inc. has announced the appointment of David Somo as its new President and CEO, effective November 3, 2025. The change in leadership follows the retirement of Dan Brdar, who has played a significant role in the advancement and commercialization of the company's innovative B-TRAN® bidirectional semiconductor power switch. Brdar’s tenure saw Ideal Power establish a production-ready double-sided wafer process and forge commercial relationships with numerous Fortune 500 companies and Tier 1 automotive suppliers, laying a robust foundation for future growth. Michael C. Turmelle, Chairman of Ideal Power's Board, emphasizes Somo's extensive experience in global sales, marketing, and business development, which is crucial as the firm looks to seize the expanding demand for low-loss semiconductor solutions amidst ongoing electrification trends worldwide.

Somo brings over 30 years of industry experience, having previously held key positions, including Senior Vice President at onsemi and President and CEO of Preciseley Microtechnology Corporation. His strong track record in driving revenue growth and overseeing corporate strategy, mergers and acquisitions, and product development positions him well to lead Ideal Power through its next phase of growth. The company's focus on its B-TRAN® technology, which is designed to enhance power efficiency across various applications, reflects a strategic alignment with the market's increasing need for advanced semiconductor solutions. As industries shift towards electrification, Ideal Power stands at the forefront, ready to meet the challenges and opportunities presented by this multi-billion dollar sector.

Expressing his enthusiasm for the role, Somo acknowledges the pivotal moment Ideal Power is experiencing. He notes the significant market opportunities that lie ahead, particularly in the automotive and industrial sectors, where demand for cutting-edge semiconductor technologies is surging. Under Somo's leadership, Ideal Power aims to leverage its innovative solutions to capture a larger share of the market, driving both revenue and technological advancements as it navigates the evolving landscape of the semiconductor industry.

In related news, Ideal Power's commitment to innovation continues to be a priority as the company invests in research and development, bolstering its competitive edge. The strategic direction set forth by Somo is anticipated to further enhance the company’s capabilities in delivering efficient power solutions, ensuring it remains a key player in the rapidly evolving semiconductor landscape.