Infineon Technologies Sells DC Converter Business to Micross
10 Januar 2023 - 5:56PM
Dow Jones News
By Ed Frankl
Infineon Technologies AG said Tuesday that it agreed to sell its
high-reliability DC-converter business as it seeks to extend its
investments on core semiconductors tailored to space and tough
environments.
The German chipmaker said it would sell its HiRel DC-DC
converter business, including its hybrid and custom board-based
power products, to Micross Components Inc., a Melville, N.Y.-based
microelectronic-components provider.
With the deal, Infineon said it is moving away from businesses
that require more customized product offerings for the
high-reliability industry, which is made up of businesses related
to space and other harsh environments.
The transaction is expected to close in the first quarter of
2023, the Munich-based company said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
January 10, 2023 11:41 ET (16:41 GMT)
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