Infineon Technologies AG (IFXGn.DE)
22 Feb 2017
U.S. LED lighting maker Cree Inc said it would terminate a deal to sell its Wolfspeed Power and RF division to German chipmaker Infineon Technologies AG , citing security concerns raised by the U.S. government.
Feb 16 U.S. LED lighting maker Cree Inc said it would terminate a deal to sell its Wolfspeed Power and RF division to German chipmaker Infineon Technologies AG , citing security concerns raised by the U.S. government.
* Cree announces termination of Wolfspeed and Infineon sale transaction
MUNICH Infineon does not expect to be able to salvage its $850 million purchase of Cree's Wolfspeed Power, which is under U.S. scrutiny over unspecified government security concerns, the German chipmaker said on Thursday.
* Infineon shares up 0.2 pct, erasing earlier gains (Rewrites, adds more comments, background, updates shares)
Feb 9 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:
FRANKFURT, Feb 9 A challenge on U.S. national security grounds to Infineon Technologies' agreed deal to buy Wolfspeed from U.S. firm Cree Inc could crimp the German chipmaker's profit and electric car ambitions, analysts said.
FRANKFURT, Feb 9 The DAX top-30 index looked set to open 0.2 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0719 GMT.
German chipmaker Infineon Technologies AG and U.S. LED lighting maker Cree Inc warned on Wednesday that Cree's agreed $850 million sale of its Wolfspeed Power unit to Infineon might not go ahead, citing U.S. government security concerns.
* U.S. blocked takeover of Germany's Aixtron last year (Adds background on previous blocked deals by CFIUS, details on chemical compounds)