Infineon Technologies to Buy GaN Systems for $830 Million
03 March 2023 - 6:45AM
Dow Jones News
By Robb M. Stewart
Infineon Technologies AG said Thursday it has signed a
definitive agreement worth $830 million to buy GaN Systems Inc., a
Canadian technology company developing gallium nitride-based
solutions for power conversion.
The all-cash deal to acquire Ottawa-based GaN Systems will be
funded from existing liquidity, Infineon said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
March 02, 2023 14:30 ET (19:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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