WOLFSPEED POWER AND RADIO FREQUENCY (RF) DIVISION OF CREE / INFINEON TECHNOLOGIES AG / CREE INC / Acquisition / Private / £641m

Acquisition by Infineon Technologies, a world leader in semiconductor solutions, of the Wolfspeed Power and radio frequency (RF) division of Cree, a market-leading innovator of lighting-class LEDs, lighting products, and semiconductor products for power and RF applications. The deal also includes the related SiC wafer substrate business for power and RF power.