LONDON—Cree announced the rebranding of its power and RF division as Wolfspeed in September 2015 (see Cree divests RF, power business ) so that Cree could focus on LED lighting. At the time it was said that Wolfspeed would work towards an initial public offering of shares in the 2016 financial year. Wolfspeed (Research Triangle…
DetailsSidney, N.Y.– Amphenol Industrial Operations (AIO), a division of Amphenol Industrial Products Group, recently opened Amphenol EEC. This new facility, centrally located in Chicago, Illinois, manufactures connectors and cable assemblies that meet the stringent requirements of the Buy America program. Amphenol’s newly acquired EEC division specializes in high-quality prototyping and production of connector solutions. The integrated…
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Avnet Inc. will need more than a pair of steady, guiding hands at the helms to successfully navigate its way through what is shaping up as one of the more challenging storms in its history. In addition to its own peculiar growth problems, Avnet and rival distributors and others in the high-tech market are facing…
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In a move to focus on its LED business, Cree, Inc., a leading manufacturer of LED lighting, will sell its Wolfspeed Power and RF division, which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash. For Infineon, the acquisition puts the company on a path to become the number…
DetailsSEMI projects that the worldwide semiconductor equipment market will be flat this year and will rebound in 2017 according to the mid-year edition of the SEMI® Capital Equipment Forecast, released today at the SEMICON West exposition. SEMI forecasts that the total semiconductor equipment market will grow 1 percent in 2016 (reaching $36.9 billion) after contracting 3 percent in…
DetailsGlobal Internet of Things (IoT) security market growth is driven by increasing security concerns for critical infrastructure and strict regulatory compliances for the next few years, while BFSI vertical is set to have the largest IoT security market size during the forecast period dominated by Asia-Pacific which is projected to witness the highest growth during 2016-2021. Complete…
DetailsMouser Electronics, Inc. today celebrated the fifth anniversary of operating in the Czech Republic with the opening of bigger premises, required to support huge growth in the region. Mouser moved into its first office in Brno on March 1st 2011, and the current team based there is responsible for customers from 12 countries: Czech, Poland,…
DetailsInfineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Cree, Inc. (Nasdaq: CREE) announced today that Infineon has entered into a definitive agreement to acquire the Wolfspeed Power and RF division (“Wolfspeed”) of Cree. The deal also includes the related SiC wafer substrate business for power and RF power. The purchase price for this planned…
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DURHAM, N.C., July 14, 2016 – Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for…
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The Internet of Things (IoT) demands a different set of microprocessors, drivers, peripherals, batteries and operating systems than conventional Embedded System used in general purpose computing systems. Conventional Embedded Systems are not competent to deliver what the IoT is expecting from an embedded device networked in IoT and it brings great challenges to develop or…
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