25 October 2023
Infineon Technologies AG of Munich, Germany has closed its acquisition (announced on 2 March) of GaN Systems Inc of Ottawa, Ontario, Canada (a fabless developer of gallium nitride-based power switching semiconductors for power conversion and control applications) for US$830m, funded from existing liquidity in an all-cash transaction. All required regulatory clearances have been obtained and GaN Systems is now part of Infineon.
“GaN technology is paving the way for more energy-efficient and CO2-saving solutions that support decarbonization,” notes Infineon’s CEO Jochen Hanebeck. “The acquisition of GaN Systems significantly accelerates our GaN roadmap and further strengthens Infineon’s leadership in power systems through mastery of all relevant power semiconductor technologies,” he reckons.
Infineon now has a total of 450 GaN experts and more than 350 GaN patent families, which is reckoned to expand its position in power semiconductors and speed up time-to-market. Both companies’ complementary strengths in IP and application understanding as well as a well-filled customer project pipeline put Infineon in a position to address various fast-growth applications.