On the 8th of the International Electronic Business News, Infineon Technology Co., Ltd. announced that it had reached a final agreement with Micross Components ("Micross") to sell Infineon's HiRel DC-DC converter business, including hybrid and customized on-board power products, to Micross.

The sale of HiRel DC-DC converter business will enable Infineon to focus on the reliability market, expand its investment in the development of core semiconductor products, and no longer emphasize the business of providing more customized products for the high reliability industry. The transaction is expected to be completed in the first quarter of 2023.

Bob LeFort, president of Infineon Technology Americas, said: "Infineon is pleased to reach this agreement with Micross to provide a more strategic development base for the HiRel DC-DC converter business. We believe that this transaction is in the best interests of the two companies, as well as customers, employees and shareholders. Through this transaction, Infineon can continue to focus on the high reliability business area using Infineon's leading semiconductor technology. We look forward to working with Micross to ensure that customers and employees achieve zero Seam transition. "

Vince Buffa, Chairman and CEO of Micross, said: "We are very happy to reach an agreement with Infineon on the HiRel DC-DC converter business. We take this opportunity to work with Infineon's experienced team to further strengthen the design capability of Micross. Infineon has very important patents and intellectual property rights in power management. These patents and intellectual property rights, combined with Infineon's advanced manufacturing capabilities and product portfolio, lead the development direction of innovative solutions. We feel that I'm very excited. We will be able to better produce more high-quality products for customers. We plan to work with Infineon to find a good opportunity to further promote the substantial growth of business, and continue to provide our customers with excellent quality and service. "

HiRel DC-DC converter business provides leading and reliable DC-DC power conversion solutions for the worst environments such as outer space. This business will be incorporated into the Hi-Rel Products business unit of Micross. These DC-DC converter products are complete power solutions including main power converter, control circuit, filter and housing.

Chris Opoczynski, senior vice president of Infineon Technology and general manager of HiRel business line, said: "We are committed to providing services to our customers and partners, and will continue to use existing resources, give full play to talent advantages, and jointly develop innovative solutions. For the retained HiRel business, Infineon will continue to focus on these target applications and other applications that require high reliability and excellent performance, and make contributions to the vital space, defense and aerospace industries."

According to the data, Micross is a leading global supplier of key microelectronic components and services for the high reliability market. The company provides customers with a wide range of products and service solutions, including wafer and wafer services, advanced interconnection technology, customized packaging and assembly, component modification services, electrical and environmental testing and other highly reliable products and services. For more than 40 years, Micross has been providing services for aerospace and defense, space, medical, industrial and other markets with extensive capabilities in high reliability. At the same time, it uses its expertise in procurement, packaging, assembly, engineering, testing and logistics to support various applications involved in the whole project life cycle.

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