Infineon Technologies (IFXGn.DE) has set its sights on securing a substantial share of the expanding gallium nitride (GaN) chip market, following a significant technological advancement announced on Wednesday. The German semiconductor giant revealed that its new innovation is expected to reduce production costs and enhance its competitive edge in this burgeoning sector.
The global market for GaN technology is projected to reach several billion dollars by the end of the decade, according to Infineon CEO Jochen Hanebeck. Speaking at a press briefing, Hanebeck emphasized the company’s ambition to play a pivotal role in shaping this market.
“Our goal is to lead and define the future of the GaN chip industry,” Hanebeck asserted. The breakthrough positions Infineon as a key player in the high-growth sector, setting the stage for a major impact in the coming years.
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