Chef Hanebeck relies on gallium nitride

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

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.”