Infineon Sells NOR Flash & F-RAM business to Winbond

Infineon Technologies AG has agreed to sell its NOR Flash and F-RAM business to Winbond Electronics Corporation, a Taiwan-based global supplier of semiconductor memory solutions.

The business comprises a portfolio of NOR Flash memory as well as F-RAM products serving customers across automotive, industrial, and infrastructure markets. 

Infineon will continue to offer a portfolio of specialty memory solutions, including SRAM, HYPERRAM, nvSRAM, and SONOS based radiation-hardened memory solutions. 

These technologies remain an important part of Infineon’s portfolio across automotive, industrial, infrastructure, aerospace and defense applications, including a strong product offering of high-reliability memory solutions for space missions.

The combination of Winbond’s existing memory portfolio and Infineon’s NOR Flash and F-RAM business will provide customers with a broad and complementary portfolio of NOR Flash and F-RAM products. 

Winbond will operate the acquired business as a standalone entity with headquarters in Silicon Valley in the United States.

“The transaction represents a highly compelling strategic outcome for all stakeholders,” said Peter Schiefer, President of Infineon’s Automotive Division. “It allows Infineon to further focus its portfolio and capital allocation on its core growth drivers. At the same time, it enables our NOR Flash and F-RAM business to unlock its full potential.”

This is an all-cash transaction valued at $1.12 billion on a cash- and debt-free basis. Subject to obtaining the required regulatory approvals, the parties currently target closing the transaction in the second half of 2027.