Infineon Technologies Increases Focus and Investment Into Core Semiconductor Development for High-Reliability Markets; Sells HiRel DC-DC Converter Business to Micross
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that Micross Components, Inc. (“Micross”) has entered a definitive agreement to purchase Infineon’s HiRel DC-DC converter business including its hybrid and custom board-based power products.
- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that Micross Components, Inc. (“Micross”) has entered a definitive agreement to purchase Infineon’s HiRel DC-DC converter business including its hybrid and custom board-based power products.
- This sale will enable Infineon to extend its focus and investments on core semiconductor developments for the high-reliability market, while deemphasizing businesses that require more customized product offerings for the high-reliability industry.
- “Infineon is pleased to have reached an agreement with Micross to provide a more strategic home for our HiRel DC-DC converter business,” said Bob LeFort, President of Infineon Technologies Americas.
- This transaction enables Infineon to remain focused on the HiRel business areas that benefit from Infineon’s leading semiconductor technologies.