Industrial News

Cree Announces Acquisition of Infineon's RF Power Business for 345 Million Euros


On July 15, 2016, Infineon announced that it will acquire Wolfspeed, a unit of Cree Cree, for $ 850 million in cash. When the report was issued at that time, the industry considered Infineon's "business empire" in the world to be larger and larger .

On February 17, 2017, the proposed transaction between both parties was terminated as Cree Cree and Infineon were unable to identify alternative solutions to the national security concerns of the U.S. Foreign Investment Commission (CFIUS).

Did not expect a year later today, March 6, 2018, Cree Career announced the acquisition of Infineons RF power business with 345 million. Cree Career by the sale before, into the initiative now, the action of people caught by surprise.

The news shows that Cree revolution in the lighting industry, also vowed to carry out the advanced silicon carbide (SiC) technology in the end, for the high growth markets such as electric vehicles, renewable energy and telecommunications to provide the same service.

Cree and Infineon are the industry's leading technology companies with their own strengths. This acquisition of Infineon's RF power acquisition team and technology will expand Wolfspeed's existing products and technologies such as product design, packaging, manufacturing and customer support services

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