Ed Frankl
Infineon Technologies AG announced Tuesday that it has agreed to sell its high-reliability DC converter business as it seeks to expand its investment in core semiconductors for space and harsh environments.
The German chipmaker said it will sell its HiRel DC-DC converter business, which includes hybrid and custom board-based power products, to Micross Components Inc., a microelectronics components provider based in Melville, New York.
Infineon said the deal will move it away from business that requires a more customized product offering for the high reliability industry, which consists of businesses related to space and other harsh environments.
The deal is expected to close in the first quarter of 2023, the Munich-based company said.
Write to Ed Frankl at Edward.frankl@dowjones.com.
