Infineon And GlobalFoundries Extend Long-Term Agreement With Focus On Automotive Microcontrollers
Portfolio Pulse from Benzinga Newsdesk
Infineon Technologies AG and GlobalFoundries have extended their long-term agreement to supply AURIX™ TC3x 40 nanometer automotive microcontrollers, power management, and connectivity solutions. This partnership, which began in 2013, focuses on automotive, industrial, and security semiconductor technology. The agreement secures additional capacity for Infineon's business growth from 2024 to 2030 and supports the transition towards autonomous, connected, and electrified vehicles. The collaboration emphasizes the importance of a resilient supply chain and innovation in the automotive industry.
January 22, 2024 | 2:06 pm
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POSITIVE IMPACT
GlobalFoundries' renewed agreement with Infineon for the supply of automotive microcontrollers and solutions reinforces its position as a key supplier in the semiconductor industry.
GlobalFoundries is likely to see a positive short-term impact on its stock as the agreement with Infineon highlights its strategic role in the automotive semiconductor supply chain and its commitment to meeting the industry's growing demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Infineon's extended agreement with GlobalFoundries for automotive microcontrollers and solutions is expected to secure business growth and support industry transition towards advanced vehicle systems.
The extended agreement with GlobalFoundries is likely to have a positive impact on Infineon's stock in the short term as it ensures a steady supply of key components for the automotive industry, which is a significant growth area for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80