Cree buys Infineon RF power business assets

March 06, 2018 //By Jean-Pierre Joosting
Cree buys Infineon RF power business assets
Cree, Inc., has acquired the RF Power assets of Infineon Technologies for approximately € 345 million – expanding wireless opportunities for Cree's Wolfspeed business unit and enhancing its leadership in RF GaN-on-SiC technologies.

Infineon continues to drive key growth areas such as electro-mobility, autonomous driving, renewables and technologies for a connected world. The transaction has closed and is effective today.

Infineon and Cree have a long-standing history of technology leadership, collaboration and shared business interests. The acquired Infineon RF Power team and capabilities will complement Wolfspeed’s existing offerings and expertise with additional technology, design, packaging, manufacturing, and customer support. This business holds a leading market position offering transistors and MMICs for wireless infrastructure radio frequency power amplifiers based on both LDMOS and Gallium Nitride on Silicon Carbide (GaN-on-SiC) technologies.

Further, Infineon will support the transaction with a long-term supply agreement for LDMOS wafers and related components out of its fab in Regensburg, Germany, and will also supply assembly and test services out of its facility in Melaka, Malaysia.

The transaction includes Infineon’s RF Power operations for wireless infrastructure in Morgan Hill (CA), which includes packaging and test operations for LDMOS and GaN-on-SiC, as well as locations in Chandler (AZ), China, Sweden, Finland and Korea.

Besides the state-of-the-art backend manufacturing in Morgan Hill, a leading intellectual property (IP) and technology portfolio are also part of the transaction. The transaction does not include the Infineon Chip Card and Security (CCS) operations in Morgan Hill that will remain at the site and continue to operate as part of Infineon.

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