“The gallium nitride business is taking off”

Munich For Jochen Hanebeck, it is the first significant takeover since he became CEO of the chip manufacturer last year Infineon was: For 830 million dollars The chip group buys the small Canadian competitor GaN Systems. Analysts, however, criticize the high price for the medium-sized company with only 200 employees. It will also take a while before the acquisition is reflected in sales, write the experts at UBS.

But Hanebeck is convinced that every cent is worth it: “The company has good customer access and an excellent customer project pipeline that complements us,” he said in an interview with the Handelsblatt. In addition, business with the innovative new chip material gallium nitride, or GaN for short, is about to make a breakthrough: “We are firmly convinced that the business will grow strongly.”