Infineon Technologies Ag · XETR:IFX
Infineon Technologies — Merger or Acquisition (March 2023)
14 slides from Infineon Technologies's merger presentation, Mar 3, 2023
Slide 1: Infineon to acquire GaN Systems
Infineon to acquire GaN Systems - strengthening its GaN portfolio, reinforcing its global leadership in Power Systems 3 March 2023 Infineon Technologies 1
Slide 2: Overview of key investment highlights
Overview of key investment highlights Strengthening GaN portfolio, reinforcing global leadership in Power Systems Addressing fast-growth Significant roadmap Leadership in Power Systems applications with highly acceleration through unmatched through mastery of all relevant complementary strengths in
Slide 3: Future growth in power semiconductors: Infineon leveraging Si leadership, strengthening position in wide bandgap
Future growth in power semiconductors: Infineon leveraging Si leadership, strengthening position in wide bandgap Comparison of technologies Power device market development Market size Market growth Power rating (today) (predicted) SiC Si ≈ SiC GaN GaN Si Switching frequency 2023-03-03 Copyright © In
Slide 4: GaN market accelerating, driven by key power applications
GaN market accelerating, driven by key power applications GaN market forecasts over time Superior switching performance results in higher ~$6bn − $2bn efficiency and lower system cost. cumulative market potential over the next 5 years Applications with tipping point reached or in sight: CAGR (22-27)
Slide 5: GaN expected to be the preferred technology in some of Infineon's core portfolio applications by 2030
GaN expected to be the preferred technology in some of Infineon’s core portfolio applications by 2030, different transition paths shaping up GaN tipping point reached/in sight GaN transition coming up 2020 2030 2020 2030 HV DCDC Low-power Charger motor DCDC control DCDC Server HV HV Residential Sola
Slide 6: GaN Systems: Leading GaN player with strong product IP base and customer access
GaN Systems: Leading GaN player w/ strong product IP base, top-notch application understanding, broad product portfolio & customer access Key facts Founded: 2008 Employees: >200 Business model: Patents: Application focus: Current revenues: HQ: Ottawa, CAN fabless developer of GaN library focused on
Slide 7: Joining forces and adding complementary strengths creates a winning formula for the GaN market
Joining forces and adding complementary strengths creates a winning formula for the GaN market Frontend Product Application Customer Substrates Epitaxy Packaging Technology Portfolio understanding access GaN epi layer GaN fabrication for device fabrication starts with fully commoditized Silicon (Si)
Slide 8: Combined platform features leading GaN IP and the industry's strongest R&D force
Combined platform features leading GaN IP and the industry’s strongest R&D force, to speed up time-to-market No. of patent families in GaN power 400 350 GaN value 300 chain Combined team Combined R&D 250 of ~450 GaN experts budget high double- 200 digit USD m p.a. 150 100 50 Leverage ability to scal
Slide 9: GaN is not a drop-in replacement for Si, best-in-class application know-how is critical
GaN is not a drop-in replacement for Si, best-in-class application know- how is critical to creating completely new and improved systems Example: different topologies for a Solar inverter Si Two Stages GaN Single Stage DC Input AC Output DC Input AC Output VS DC/DC DC/AC DC/AC Higher power density a
Slide 10: Strong engagement with market-shaping customers will support GaN market leadership
Strong engagement with market-shaping customers will support GaN market leadership 2x >2000 active GaN >2x design opportunity Becoming one of the available GaN customers pipeline (GaN power) in leading GaN products being served in Infineon focus applications of semiconductor companies focus applicat
Slide 11: Key facts of the transaction
Key facts of the transaction GaN Systems, Inc., privately held by strategic and financial investors (selection) GaN Systems Signing date 2 March, 2023 Purchase price USD 830 million We expect the closing of the All-cash acquisition, funded from Closing acquisition within this calendar Format availab
Slide 12: GaN Systems acquisition positions Infineon to be a leading GaN player
GaN Systems acquisition positions Infineon to be a leading GaN player Leading IP & strongest R&D force Leveraging foundry + IDM advantages Leading ~450 strong Best-in-class We own We combine We target a patent GaN team application key IP and all foundry partner- leading market portfolio high double-
Slide 13: Disclaimer
Disclaimer Disclaimer This presentation contains forward-looking statements and/or assessments about the business, financial condition performance and strategy of the Infineon Group. These statements and/or assessments are based on assumptions and management expectation resting upon currently availa
Slide 14: Cinfineon
Cinfineon Part of your life. Part of tomorrow.
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