This sale will enable Infineon to focus and invest on core semiconductor developments for the high-reliability market, while moving away from customised product offerings. The deal is expected to close in the first quarter of calendar year 2023.
“Infineon is pleased to have reached an agreement with Micross to provide a more strategic home for our HiRel DC-DC converter business,” said Bob LeFort, President of Infineon Technologies Americas. “We believe this sale is in the best interest of both companies, our customers, employees, and shareholders. This transaction enables Infineon to remain focused on the HiRel business areas that benefit from Infineon’s semiconductor technologies.”
Commenting Vince Buffa, Chairman and CEO of Micross, said, “We are pleased to have reached an agreement with Infineon on their HiRel DC-DC converter business, which further expands Micross’ design capabilities. We are excited about the significant proprietary power management IP that combined with their state-of-the-art manufacturing capabilities and product portfolio leads the way for advancement of innovative solutions.”
The HiRel DC-DC converter business provides high reliability DC-DC power conversion solutions for some of the toughest environments, including outer space, and will operate under the Micross Hi-Rel Products business segment.
These DC-DC converter products are complete power solutions, including main power converter, control circuits, filters and housing.
According to Chris Opoczynski, Sr. Vice President and General Manager, HiRel Business Line, Infineon Technologies, the retained HiRel businesses will focus on mission-critical sectors such as: space, defence, and aerospace industries.
