INFINEON TECHS AG S/ADR - IFNNY STOCK NEWS

Infineon Technologies AG and United Microelectronics Corporation (UMC) have entered a long-term strategic cooperation agreement aimed at increasing production capacity for automotive microcontrollers, essential for the expanding automotive market. This agreement emphasizes manufacturing at UMC's Singapore facility using Infineon’s eNVM technology, with an expected production increase to nearly one million microcontrollers daily. Both companies anticipate sustained demand for automotive semiconductors, as UMC's shipments have tripled since 2019. This partnership could solidify their positions in the automotive and AIoT sectors.

Infineon Technologies AG has entered into a definitive agreement to acquire GaN Systems Inc. for US$830 million. This acquisition aims to enhance Infineon's GaN roadmap and strengthen its leadership in power systems. GaN technology is crucial for energy-efficient solutions in applications like mobile charging and electric vehicles. Analysts predict GaN revenue for power applications will grow by 56% CAGR to US$2 billion by 2027. The all-cash transaction will utilize existing liquidity and is subject to regulatory approvals.

Micross Components announced the completion of its acquisition of the High-Reliability DC-DC converter business from Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) on February 28, 2023. This marks Micross's eighth acquisition under Behrman Capital and aims to enhance its power management solutions. The acquired business specializes in high-reliability DC-DC converters for critical sectors, including aerospace and defense. This strategic move is expected to broaden Micross's market reach and product offerings, leveraging proprietary IP and advanced manufacturing capabilities to serve high-growth markets better.

Infinitum announced a technology collaboration with Infineon Technologies aimed at enhancing production of sustainable, high-efficiency motors. Infinitum's air core motors, awarded three 2023 CES Innovation Awards, are lighter, more efficient, and use less copper than traditional motors. The partnership will leverage Infineon's silicon carbide technology for advanced motor control, promoting energy efficiency. Infinitum plans to showcase its Aircore EC motors at the AHR Expo in Atlanta on Feb. 6-8. Infineon, listed on the Frankfurt Stock Exchange (symbol: IFX) and OTC market (symbol: IFNNY), serves as a key semiconductor provider in this collaboration.

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) emphasizes the growing role of semiconductor solutions in promoting health-oriented lifestyles through the Internet of Things (IoT). As the world population ages, IoT devices are instrumental in healthcare, aiding in preventive care and daily life support. Infineon highlights the significant impact of semiconductors in smart health applications, with devices monitoring vital signs and improving fitness. The company anticipates substantial growth in systems that enhance health monitoring and engagement.