Smiths Group plc announces the strategic alignment of three brands in their portfolio into a new business unit. Organized as Smiths Microwave Subsystems the business unit includes the entire organizations at Millitech of Northampton, Mass., Tecom of Thousand Oaks, Calif., and Trak of Tampa, Fla.
Infineon Technologies AG and Cree Inc. announced that Infineon has entered into a definitive agreement to acquire the Wolfspeed Power and RF division of Cree. The deal also includes the related SiC wafer substrate business for power and RF power. The purchase price for the all-cash transaction is $850 million (approximately €740 million).