DocMemory
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Friday, October 19, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Cree acquired Infineon RF Power Business


Thursday, March 08, 2018

U.S.-based Cree (CREE.O) said on Tuesday that it had acquired most of Infineon’s (IFXGn.DE) Radio Frequency Power Business for around 345 million euros ($428 million).

The deal, which has already closed, will expand the Cree Wolfspeed business unit, which is positioning itself to enable faster 4G mobile networks and prepare for the launch of 5G services, the companies said in a joint statement.

Cree said it funded the acquisition from cash and borrowings on its revolving line of credit. The deal is expected to increase annual revenues by approximately $115 million in the first 12 months after the acquisition and be accretive to non-GAAP earnings in its first full quarter.

Cree, based in Durham, North Carolina, makes lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications.

By: DocMemory
Copyright © 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Qualcomm wants to go beyond smartphones in China10/18/2018
China eyes on Taiwan chip design telents10/18/2018
Let's put away trade talk with China for the moment10/18/2018
United States ranked first in world's most competitive economies10/18/2018
Netflix gains 7 million new subscribers10/17/2018
Qualcomm offers “60GHz Wi-Fi" on chip10/17/2018
Kingston crown top SSD seller through channel market10/17/2018
Qualcomm asked a federal judge to delay ruling in order to pursue settlement10/17/2018
This is a great country and it does need to be defended.— Jeff Bezos10/16/2018
Average revenue per wafer for foundries heading downward10/16/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved