Infineon completes $830 million acquisition of GaN Systems

Infineon Technologies has completed the acquisition of GaN Systems Inc, a Canada-based developer of gallium nitride power transistors.

The Ottawa-based GaN Systems brings to Infineon 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.

Jochen Hanebeck, CEO of Infineon, says: “GaN technology is paving the way for more energy-efficient and CO 2-saving solutions that support decarbonization.

“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.

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 $830 million. The acquisition, an all-cash transaction, was funded from existing liquidity.