Cree, Inc. has acquired assets of Infineon Technologies AG Radio Frequency (RF) Power Business for approximately €345 million. The transaction expands the Cree Wolfspeed business unit’s wireless market opportunity.
“The acquisition strengthens Wolfspeed’s leadership position in RF GaN-on-SiC technologies and provides access to additional markets, customers and packaging expertise,” said Cree CEO Gregg Lowe.
“This is a key element of Cree’s growth strategy and positions Wolfspeed to enable faster 4G networks and the revolutionary transition to 5G.”