Partners with Infineon Technologies and ThinkSeed Systems for secure ranging and location in IoT applications
January 5, 2022
Mauna Kea Semiconductors (MKSemi) announced the closing of Series Pre-A+ funding totaling $12.8 million led by Lightspeed China Partners with participation by marquee investors Qiming Venture and Ivy Capital.
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.