Infineon acquires GaN Systems for $830 million, solidifying its leadership in gallium nitride

News from this site on October 25, Infineon Technologies announced the completion of the acquisition of Gallium Nitride Systems Company (GaN Systems) on October 24, 2023, and claimed to "become a leading gallium nitride leading company".

Infineon said that the company, headquartered in Ottawa, Canada, brings a rich portfolio of gallium nitride (GaN) power conversion solutions and leading application technology to Infineon. All necessary regulatory approvals have been obtained and upon closing of the transaction, GaN Systems has officially become an integral part of Infineon.

Rewritten: Infineon currently has 450 gallium nitride technology experts and more than 350 gallium nitride technology patent families. Infineon stated that the complementary advantages of the company and GaN Systems in terms of intellectual property rights, deep understanding of applications, and mature customer project planning have created extremely favorable conditions for Infineon to meet various rapidly growing application needs

On March 2, 2023, Infineon and GaN Systems jointly announced that the two parties had signed a final agreement. According to this agreement, Infineon spent US$830 million (note on this site: currently approximately 6.067 billion yuan) to acquire GaN Systems. The "all-cash" acquisition was completed using existing liquidity.

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