Infineon announces sale of part of its DC-DC converter business
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Update time : 2023-01-18 10:23:19
January 11, Infineon today announced that it has reached a definitive agreement on the sale of Infineon's HiRel DC-DC converter business to Micross, including its hybrid and custom on-board power products.
Infineon officials said the sale will enable Infineon to expand its focus and investment in core semiconductor development for the high-reliability market, while de-emphasizing the need for more custom products for the high-reliability industry in the business. The transaction is expected to close in the first quarter of 2023.
Bob LeFort, President of Infineon Technologies Americas, said: "Infineon is pleased to have reached an agreement with Micross to provide a more strategic base for our HiRel DC-DC converter business and we believe this sale is in the best interest of both companies as well as our customers, employees and shareholders. This transaction allows Infineon to continue to focus on the HiRel business area, which benefits from Infineon's leading semiconductor technology. We look forward to working with Micross to ensure a seamless transition for our customers and employees."
We understand that a DC-DC converter is a device that changes electrical energy from one voltage value to another in a circuit, and that the HiRel DC-DC converter business, which provides highly reliable DC-DC power conversion solutions for the harshest environments, including outer space, will operate under the Micross Hi-Rel Products business unit, which includes main power converters, control circuits, filters and enclosures.
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