Cree announced on March 6 that it will acquire Infineon’s RF power business assets for EUR 345 million. The transaction is currently closed and effective immediately. Cree is expected to expand its wireless market opportunities in the Wolfspeed Power and RF Division.

Cree has cooperated with Infineon for many years. Infineon's RF power business has provided mobile architecture equipment in the United States, China, Sweden, Finland and South Korea, and has branch in Morgan Hill, California. Through this acquisition, Cree hopes to open up more opportunities for its Wolfspeed business, while Infineon continues to focus on key growth areas such as electric car, autonomous driving, renewable energy and IoT.

Cree CEO Gregg Lowe said that the above acquisition will strengthen Wolfspeed's leading position in RF GaN-on-SiC technology. He said that this is a key element of Cree's development strategy and is expected to help Wolfspeed achieve a faster 4G network and a revolutionary 5G transformation.

Reinhard Ploss, CEO of Infineon, said: "Creef is a powerful new owner of this part of our RF business and enjoys a high reputation in the industry. We are excited about the concept and prospects of this merger. At the same time, we will It will be able to concentrate resources more effectively on Infineon’s strategic growth and will retain a strong technology portfolio for the wireless market.”