Cree buys Infineon RF power business

Power electronics specialist Cree Inc. in Durham, N.C. has acquired the assets of Infineon’s RF power business for approximately $428.2 million. Cree’s acquisition of Infineon RF Power expands the wireless market opportunity of the Cree Wolfspeed business unit in Research Triangle Park, N.C. Infineon continues to drive key growth areas, such as electro-mobility, autonomous driving, renewables, and technologies for a connected world. The transaction has closed and is effective. The acquired Infineon RF Power team and capabilities will complement Wolfspeed’s existing offerings and expertise with additional technology, design, packaging, manufacturing, and customer support. For more information, visit Cree online at www.cree.com.