Cree CEO Gregg Lowe

Cree Buys Infineon’s RF Power Business

Cree, Inc. has acquired Infineon Technologies’ RF Power Business for approximately $426 million, which strengthens its position in radio frequency (RF) gallium nitride on silicon carbide (GaN-on-SiC) technologies. The acquisition is expected to expand the Cree Wolfspeed business unit’s growth opportunity in the wireless market as the industry transitions to 4G and 5G networks. Cree…