FRANKFURT Feb 8 German chipmaker Infineon
and U.S. LED lighting maker Cree warned that
Cree's planned sale of Wolfspeed Power and RF to Infineon might
not go ahead, citing security concerns by the U.S. government.
The Committee on Foreign Investment in the United States
(CFIUS) informed Infineon and Cree that the deal poses a risk to
U.S. national security, Infineon said on Wednesday, adding that
CFIUS had so far not identified any mitigation measures.
"Against this background, Infineon is of the opinion that
there is a considerable risk that the transaction, as agreed, is
not going to close," it said.
Infineon in July agreed to buy Wolfspeed Power and RF -
which helps to make electronic devices operate more efficiently
- for $850 million, betting on new energy-efficient chips it
expects will dominate the market in the next decade.
(Reporting by Christoph Steitz; Editing by Georgina Prodhan)