Semikron, a German-based independent manufacturer of power semiconductor components, and Danfoss, an advanced technologies provider, agreed to form a joint venture focusing on power semiconductor modules. Financial terms were not disclosed. "The new Semikron-Danfoss builds on a strong long-term partnership and more than 90 years of combined technology leadership in Power Module packaging, innovation, and customer application expertise. With electrification driving the green transition, Semikron-Danfoss aims to become the preferred decarbonizing partner for customers. We have the passion, competences and technologies to more than double our business in five years," Kim Fausing, Danfoss President and CEO.