GaN Systems, ‘shining star’ of Canada’s chip sector, bought by Germany’s Infineon for US$830-million


Key Topics in this News Article:

News Snapshot:

John Roberts, founder of GaN Systems, holds a gallium nitride wafer semiconductor Aug. 22, 2014 in Ottawa.Dave Chan/The Globe and Mail One of Canada’s most promising semiconductor makers, GaN Systems Inc., is being purchased by German chip giant Infineon Technologies AG for US$830-million. It’s a deal the son of deceased GaN cofounder John Roberts said would make his father proud. For Infineon, the acquisition will “significantly accelerate” the company’s strategy to strengthen its leadership in power systems, said CEO Jochen Hanebeck. But it is also a “disappointing” outcome for a promising Ottawa-based company that sold before reaching its full potential,...