Cree Company (Nasdaq Stock Code: CREE) announced that Beton Technology (FSE: IFX / OTCQX: IFNNY) RF (RF) power service was acquired with approximately 375 million euros. Trading expands wireless market opportunities for Cree WolfSpeed business units. Infineon will continue to promote growth, such as electricity, automatic driving, renewable energy and technology to build an interconnected world. The transaction has ended, which is effective.
Cree CEO Greg Lowe said: "This acquisition has strengthened WolfSpeed leadership in RF Gan On-SiC technology, and provides opportunities to enter more markets, customers, and packaging expertise." "This is the CREE growth strategy A key factor, and positioning WolfSpeed to achieve a faster 4G network and to 5G revolutionary transition. "
The CEO of Yingfine, Reinhard Ploss, said: "Cree is the new east of our radio business, there is a good reputation in the industry. We are excited about the original intention and prospects of the merged business. At the same time, we will be able to make resources more effectively Concentrate in the field of strategic growth in Yingfine and will keep a strong technique for wireless markets. "
British Failure and Cree have a long history of cooperative history in technology leaders, cooperation and common business benefits. The acquisition of Infineon RF Power team and capabilities will supplement WolfSpeed existing products and technologies and provide additional technology, design, packaging, manufacturing and customer support. The company has leading market position to provide transistors and MMIC (single-chip microwave integrated circuits) based on RF power amplifiers (Gan-ON-SiC) techniques based on LDMOS and gallium nitride silicon carbide wireless infrastructure. Transactions include:
The main facilities of Morgan Hill (CA) include LDMOS and GAN-ON-SiC packages and test operations;
Establish a good customer relationship with the leading wireless infrastructure equipment manufacturers, including on-site support personnel;
There are about 260 employees in the United States, Morgan Hill and Chandler (AZ) and Finland, Sweden, China and South Korea;
Ensure business continuity and smooth transition transition service protocols, based on this agreement, Bette will basically perform all business operations in the next 90 days. Infineon will support long-term supply agreements LDMOS wafers and related components of the wafer factory in Legensburg, Germany, and will also serve assembly and test services in Malaysia Malacca.
Gerhard Wolf, vice president and general manager of Yingfei Ling RF Power Products: "We look forward to combining our strengths and Cooperation." With our highly skilled and focused team, advanced technology and commitment to excellence business We look forward to providing a seamless service for our customers with the improvement of 5G mobile standards. "Trading Background This transaction includes Bedon in Morgan Hill (CA) and Chandler (AZ) in the US wireless infrastructure RF Power business, as well as in China, Sweden, Finland and South Korea. Morgan Hill The most advanced backend manufacturing, as well as leading intellectual property and technology portfolio is also part of the transaction. This transaction does not include Morgan Hill's English-Flyley chip card and safety (CCS) business, these business will stay in the scene and continue As part of Yingfeilon works.
Trading background
This transaction includes Blendon in Morgan Hill (CA) and Chandler (AZ) RF Power business in the US wireless infrastructure, as well as in China, Sweden, Finland and South Korea. Morgan Hill's most advanced backend manufacturing, as well as leading intellectual property and technical portfolio is also part of the transaction. This transaction does not include Morgan Hill's English-Flyley Chip Card and Safety (CCS) business, which will stay in the scene and continue to operate as part of Yingfine. Corridge provides funding for 3 million euros through its cash and borrowings of its circulating credit quota. The RF power service of Yingfine will become part of the Wolfs speed operation department of Coopery. The goal is to increase annual income of approximately 10 million US dollars in the first 12 months after the acquisition.
In addition, the goal of this acquisition is to increase the income of the non-convincing accounting principles in its non-confirmation accounting in its unique sequential business (this will be Kui Rui as at the fourth quarter of June 24, 2018). The target non-recognized accounting principle is not included in the income of the invisible asset amortization, stock compensation costs and disposable reasons.
Original address: https://www.eeboard.com/news/rf/
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