The all-cash deal for the Ottawa-headquartered company, which is scaling up technology to serve the automotive industry and a range of other sectors, was announced May 2.
“Combining GaN Systems’ foundry corridors with Infineon’s in-house manufacturing capacity enables maximum growth capability to serve the accelerating adoption of GaN in a wide range of our target markets,” he said in a release. A pair of auto players also have direct stakes in the business. Parts supplier Vitesco Technologies Group and the venture capital arm of BMW are among GaN Systems’ investors.
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