Infineon completes acquisition of GaN Systems, becoming a leading GaN power house

Munich, Germany, and Ottawa, Canada – 24 October 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the closing of the acquisition of GaN Systems Inc. (“GaN Systems”). The Ottawa-based company brings with it 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.