Infineon completes acquisition of GaN Systems
25 October 2023 
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. All required regulatory clearances have been obtained and the all-cash acquisition was funded from existing liquidity.
“GaN technology is paving the way for more energy-efficient and CO 2-saving solutions that support decarbonisation,” says Jochen Hanebeck (pictured), CEO of Infineon. He believes the acquisition “significantly accelerates our GaN roadmap”.
With the acquisition of the Ottawa-based company, Infineon now has a total of 450 GaN experts and more than 350 GaN patent families. 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, says the company.
Infineon Technologies’ revenue in the fiscal year ending 30 September 2022 was €14.2 billion.