Wolfspeed Acquisition by Infineon
10 February 2017 Infineon Technologies experienced a considerable risk regarding its proposed acquisition of Wolfspeed Power & RF and the related substrate business from Cree Inc., according to an ad hoc notice on Feb. 8, 2017.
The Committee on Foreign Investment in the United States (CFIUS) informed Infineon and Cree that the transaction poses a risk to the national security of the United States. Furthermore, CFIUS had not identified any mitigation measures that it believed would adequately mitigate the particular national security risks posed by the transaction. Against this background, Infineon is of the opinion, that there is that the transaction, as agreed, is not going to close. Infineon remains committed to work closely together with both CFIUS and Cree to find solutions that would mitigate the concerns raised by CFIUS. AS