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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Infineon Technologies AG (QX) | USOTC:IFNNY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.75 | -1.93% | 38.04 | 37.84 | 38.34 | 38.52 | 37.86 | 38.40 | 376,966 | 21:10:04 |
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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