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Infineon To Sell NOR Flash And F-RAM Business
Source: Nasdaq
M&A & RestructuringTechnology & InnovationCompany Fundamentals
Infineon agreed to sell its NOR Flash and F-RAM business to Taiwan-based semiconductor-memory supplier Winbond Electronics in an all-cash transaction valued at $1.12 billion. The divestment provides Infineon with cash proceeds and further concentrates its portfolio, while expanding Winbond's memory-business capabilities.
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