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IFX Infineon Technologies AG

34.06
-0.36 (-1.05%)
27 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Infineon Technologies AG TG:IFX Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.36 -1.05% 34.06 33.995 34.145 34.50 33.87 34.08 49,070 22:50:02

Infineon, Vitesco Expand Partnership, Plan on Generating More Than $1 Billion in Sales Volume

17/10/2023 9:51am

Dow Jones News


Infineon Technologies (TG:IFX)
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From Jun 2023 to Jun 2024

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By Pierre Bertrand

 

Infineon Technologies and Vitesco Technologies have signed an agreement to deepen their partnership and to generate more than 1 billion euros ($1.06 billion) in planned sales volume.

The multi-year agreement, taking effect in 2027, is to further improve the efficiency and system costs for future electrified vehicles, Infineon said in a statement.

As part of the partnership, Vitesco will use microcontroller technology from Infineon in its new electrification system solutions as well as in its next-generation master and zone controllers, the company said.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

October 17, 2023 04:36 ET (08:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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