NEUBIBERG (dpa-AFX) - Chipmaker Infineon Technologies AG (IFNNY) and a private company trading under the name Neptune 6 Ltd. announced that they have signed a definitive agreement under which Neptune 6 will acquire IR Newport Ltd., a subsidiary manufacturing site of Infineon. Both parties expect to conclude the deal by the end of September 2017.
Infineon and Neptune 6 have also entered into a two-year supply agreement ensuring a mutually smooth transition phase. Upon closing, the buyer intends to operate the site under the name Newport Wafer Fab Ltd.
Copyright RTT News/dpa-AFX
© 2017 AFX News
