Infineon Technologies completes sale of HiRel DC-DC converter business to Micross

Munich, Germany and San Jose, California – 28 February, 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has completed the sale of its HiRel DC-DC converter business, along with its hybrid and custom board-based power products, to Micross Components, Inc. (“Micross”). As a result of this sale, Infineon is expected to further extend its focus and investments on core semiconductor developments for the high-reliability market, while deemphasizing businesses that require more customized product offerings for the high-reliability industry.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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