Memory FAQs

Industry News
CST News
Member Area
Tester Brochure
Demo Library
Tester FAQs

biology medicine news product technology definition

Sunday, August 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 Infineonís (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
Purdue scientists combines transistor and laser on new FET8/17/2018
EDA giant Cadence Design to expand into Nanjing, China8/17/2018
Infineon to post and sell its IoT chips on Chinese e-commerce site8/17/2018
Nvidia demonstrates ray tracing speed graphics card with GDDR68/17/2018
Job posting implies Apple looking at a health processor8/16/2018
3 more flaws found on Intel Xeon processor8/16/2018
Turkey increased tariffs on certain U.S. products in retaliations8/16/2018
U.S. productivity growth at 2.9 percent8/16/2018
5G roll out in India to detlay8/15/2018
DRAM industry increased its second quarter output to $25.69 billion8/15/2018

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