“Post-merger integration plans are just beginning,” so it has yet to be decided whether GaN will become a subsidiary or be folded into Munich-headquartered Infineon, GaN CEO Jim Witham told The Logic via email. But the firm will maintain its presence in Ottawa, its largest office. Publicly traded Infineon will pay cash. (The Logic)

Talking point: GaN makes power transistors—switches or controllers used in electronics—by adding gallium nitride to silicon wafers, a change that it says makes its products lighter and more efficient than traditional offerings. It’s already selling its products to manufacturers of consumer devices, data-centre equipment and auto parts. GaN had raised US$202 million in venture funding per PitchBook data, including a US$145-million round in November 2021 led by money manager Fidelity Investments; domestic backers included Cycle Capital Management and Chrysalix Venture Capital. Infineon, the acquirer, has the capacity to manufacture chips itself. In February 2022, it announced plans for a €2-billion-plus fab in Kulim, Malaysia, that will turn out gallium-nitride products. North American governments are seeking to reshore semiconductor production, with Canada pitching a role for itself in Washington’s supply-chain plans.