Infineon Technologies Ag - IFNNY STOCK NEWS

Infineon Technologies AG announced a definitive agreement to sell its HiRel DC-DC converter business to Micross Components, Inc. This strategic move aims to focus Infineon on core semiconductor developments for the high-reliability market. The transaction is expected to close in Q1 2023. Bob LeFort, Infineon’s President of Americas, emphasized that this sale benefits all stakeholders and allows for enhanced concentration on high-reliability applications. Micross aims to broaden its design capabilities and deliver innovative high-quality products post-acquisition.

Micross Components has signed a definitive agreement to acquire the High-Reliability DC-DC converter business from Infineon Technologies (OTCQX: IFNNY). The acquisition, set to close in Q1 2023, will enhance Micross' power management solutions and expand its geographical footprint in the U.S. and Europe. This deal marks the eighth acquisition under Behrman Capital's ownership, reinforcing Micross' strategic priorities and positioning in high-reliability markets. The business focuses on proprietary power solutions for demanding environments, aligning with Micross' growth ambitions.

United Microelectronics Corporation (UMC) was awarded the title of “Best Silicon Foundry (CMOS)” by Infineon Technologies AG during the 2022 Global Supplier Day in Kuala Lumpur on October 13. This recognition highlights UMC's commitment to excellence in manufacturing and support for customers amid supply chain challenges. UMC has maintained a strong partnership with Infineon for over 20 years, focusing on high-quality IC fabrication services and technologies relevant to the automotive sector and emerging markets like 5G and AIoT.

VinFast and Infineon Technologies announced an extension of their partnership during the OktoberTech™ Asia Pacific 2022 Technology Forum. They will establish a joint application competence center focusing on electromobility, set to open in Q1 2023. This center will enhance VinFast's development of next-gen smart mobility solutions, including a new electric drive train. The collaboration emphasizes supply chain stability and aims to leverage Infineon's semiconductor expertise to boost production efficiencies and accelerate VinFast's competitiveness in the global EV market.

Infineon and Edge Impulse have partnered to enhance the ModusToolbox™ ecosystem, enabling seamless configuration of the PSoC™ 6 microcontroller series for machine learning applications. This collaboration allows Edge Impulse Studio users to easily develop and deploy low-power, AI models optimized for edge environments using data from integrated sensors. With the PSoC™ 6's advanced architecture and connectivity options, developers can create sophisticated IoT and wearable solutions. This partnership signals a significant advancement in the accessibility of machine learning for edge devices.

Anker Innovations has announced a partnership with top industry leaders in Gallium Nitride (GaN) technology to create advanced charging solutions. This collaboration includes Infineon and Navitas, enabling Anker to develop higher-watt GaN chargers capable of over 100W output, boasting system efficiency rates of up to 97%. Their technology promises reduced energy loss and a 30% smaller carbon footprint compared to legacy solutions. Anker's new chargers will feature the latest version of PowerIQ for optimized charging, with a virtual launch event scheduled for July 25, 2022.

Infineon Technologies AG, represented by its collaboration with pmdtechnologies, is gearing up for the launch of the Magic Leap 2, an advanced augmented reality device. This headset, set for release later this year, features industry-leading optics and 3D indirect-Time-of-Flight (iToF) technology that enhances operational efficiency in enterprise settings. With a focus on precision and reduced power consumption, the technology aims to revolutionize industrial and medical applications by providing immersive user experiences and improved collaborative capabilities.

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has transitioned its Austin semiconductor factory, Fab25, to operate on 100% renewable energy, achieving a key milestone in its carbon neutrality goal for all US sites by the end of 2022. This facility, which employs over 1,000 people and produces one billion semiconductor chips annually, will utilize renewable power sourced from local wind farms via Austin Energy. Infineon's commitment to sustainability has been evident since it aimed for carbon neutrality in 2020, emphasizing energy-efficient technologies that contribute to greater eco-friendliness.