By Ed Frankl
Infineon Technologies AG said Tuesday that it agreed to sell its high-reliability DC-converter business as it seeks to extend its investments on core semiconductors tailored to space and tough environments.
The German chipmaker said it would sell its HiRel DC-DC converter business, including its hybrid and custom board-based power products, to Micross Components Inc., a Melville, N.Y.-based microelectronic-components provider.
With the deal, Infineon said it is moving away from businesses that require more customized product offerings for the high-reliability industry, which is made up of businesses related to space and other harsh environments.
The transaction is expected to close in the first quarter of 2023, the Munich-based company said.
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