STMicroelectronics to acquire majority stake in GaN innovator Exagan

STMicroelectronics signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan, with a plan to acquire the remaining minority stake after 24 months. The acquisition aims to accelerate ST's GaN roadmap for automotive, industrial, and consumer applications. Terms were not disclosed.

“STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced it has signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan.”newsroom.st.com

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• newsroom.st.comSTMicroelectronics to Acquire Majority Stake in Gallium Nitride innovator Exagan - ST Newsaccenture_tmpMar 5, 2020

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