Infineon completes acquisition of GaN Systems, becoming a leading GaN powerhouse to foster a broad portfolio of gallium nitride (GaN)-based power conversion solutions and leading-edge application know-how.
Infineon Technologies acquired GaN Systems Inc. (“GaN Systems”) 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.
The acquisition of the Ottawa-based company to foster a broad portfolio of gallium nitride (GaN)-based power conversion solutions and leading-edge application know-how further strengthening Infineon’s GaN product portfolio.
In its official release, Infineon stated that all required regulatory clearances have been obtained and GaN Systems has become part of Infineon effective as of the closing.
“GaN technology is paving the way for more energy-efficient and CO2-saving solutions that support decarbonization,” said Jochen Hanebeck, CEO of Infineon. “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. We welcome our new colleagues from GaN Systems to Infineon.”
Infineon now has a total of 450 GaN experts and more than 350 GaN patent families, which expands the company’s leading position in power semiconductors and considerably speeds 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 an excellent position to address various fast-growth applications.
