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IFNNY Infineon Technologies AG (QX)

38.04
-0.75 (-1.93%)
07 Feb 2025 - Closed
Delayed by 15 minutes
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

Infineon Technologies to Buy GaN Systems for $830 Million

02/03/2023 7:45pm

Dow Jones News


Infineon Technologies (QX) (USOTC:IFNNY)
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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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