March 6 (Reuters) - INFINEON TECHNOLOGIES AG IFXGn.DE:
SKYWATER TO ACQUIRE INFINEON'S AUSTIN FAB
TRANSACTION STRENGTHENS U.S.-BASED PRODUCTION OF ESSENTIAL CHIPS FOR INDUSTRIAL, AUTOMOTIVE AND DEFENSE APPLICATIONS
LONG-TERM SUPPLY AGREEMENT ENSURES INFINEON A CONTINUED HIGH-VOLUME MANUFACTURING BASE IN U.S.
ALL CURRENT FAB 25 EMPLOYEES WILL BECOME SKYWATER EMPLOYEES AS PART OF AGREEMENT
Further company coverage: IFXGn.DE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.