Infineon acquires GaN Systems, Renesas acquires Transphorm

In the GaN power device industry, the business model of vertically integrated device manufacturers (IDMs) is expected to become more dominant in the future. Infineon's acquisition of GaN Systems is the largest acquisition in the industry to date, totaling $830 million. Renesas Electronics also announced that it will acquire Transphorm for $339 million, which is expected to be completed in the first half of 2024.