European chipmaker Infineon is betting on next-generation power semiconductors - used in everything from ultra-high-speed cell phone chargers to electric vehicles - to spur growth in a sluggish broader chip market. Power semiconductors are part of power management systems that can withstand high voltages and currents. Infineon is targeting advanced materials that are expected to have higher capacity and efficiency than traditional silicon-based power chips. Adam White, the company's president for power and sensor systems, told Nikkei Asia that Infineon is particularly bullish on gallium nitride (GaN) chips. "Our goal is to be the [chip industry] leader in power systems," White said. "We see the tipping point for GaN happening in real time." The company predicts that the market for GaN chips will grow at a rate of 56 percent per year through 2027. Infineon recently disclosed an $830 million deal to acquire Ottawa chip designer GaN Systems to expand its pr
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