Soitec: agreement for acquisition of Epigan
(CercleFinance.com) - Soitec has announced a final agreement to acquire EpiGaN, a leading European supplier of GaN epitaxial wafer (epi-wafer) materials, for 30 million euros in cash,plus an additional earn-out payment based on completion of certain milestones.
"EpiGaN's GaN products are used primarily within RF 5G, power electronics, and sensor applications," Soitec said.
It added that the total addressable market of GaN technologies is estimated at between 500,000 to 1M wafers per year in the next five years.
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