Munich, Germany, and Ottawa, Canada \u2013 24 October 2023 \u2013 Infineon Technologies AG (FSE: IFX \/ OTCQX: IFNNY) today announced the closing of the acquisition of GaN Systems Inc. (\u201cGaN Systems\u201d). The Ottawa-based company brings with it a broad portfolio of gallium nitride (GaN)-based power conversion solutions and leading-edge application know-how. All required regulatory clearances have been obtained and GaN Systems has become part of Infineon effective as of the closing.<\/p>\n\n\n\n
\u201cGaN technology is paving the way for more energy-efficient and CO 2-saving solutions that support decarbonization,\u201d said Jochen Hanebeck, CEO of Infineon. \u201cThe acquisition of GaN Systems significantly accelerates our GaN roadmap and further strengthens Infineon\u2019s leadership in power systems through mastery of all relevant power semiconductor technologies. We welcome our new colleagues from GaN Systems to Infineon.\u201d<\/p>\n\n\n\n
Infineon now has a total of 450 GaN experts and more than 350 GaN patent families, which expands the company\u2019s leading position in power semiconductors and considerably speeds up time-to-market. Both companies\u2019 complementary strengths in IP and application understanding as well as a well-filled customer project pipeline put Infineon in an excellent position to address various fast-growth applications.<\/p>\n\n\n\n
On 2 March 2023, Infineon and GaN Systems announced that the companies had signed a definitive agreement under which Infineon would acquire GaN Systems for US$830 million. The acquisition, an all-cash transaction, was funded from existing liquidity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Munich, Germany, and Ottawa, Canada \u2013 24 October 2023 \u2013 Infineon Technologies AG (FSE: IFX \/ OTCQX: IFNNY) today announced the closing of the acquisition of GaN Systems Inc. (\u201cGaN Systems\u201d). The Ottawa-based company brings with it a broad portfolio of gallium nitride (GaN)-based power conversion solutions and leading-edge application know-how. All required regulatory clearances […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[221],"yoast_head":"\n