Infineon Technologies AG and Cree Inc. announced that Infineon has entered into a definitive agreement to acquire the Wolfspeed Power and RF division of Cree. The deal also includes the related SiC wafer substrate business for power and RF power. The purchase price for the all-cash transaction is $850 million (approximately €740 million).
By the end of 2016, more than half of all new automotive 77 GHz radar systems will be equipped with chips from Infineon Technologies. Thus, one in 15 new cars will use a driver assistance system utilizing the company’s 77 GHz radar chips.
Infineon Technologies has opened a new building complex in Villach, Austria for production, research and development where the focus is on designing the development and production environment according to the principles of Industry 4.0.
Infineon Technologies, together with the German automotive supplier, Hella, has developed innovative radio frequency components for a radar sensor, which reliably monitors the blind spot in the car’s rear section.