Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a Munich, Germany-based chip provider for driver assistance systems, acquired Innoluce BV, a Nijmegen, The Netherlands-based fabless semiconductor company.
The amount of the deal was not disclosed.
Founded in 2010 as an entrepreneurial spin-off of Royal Philips, Innoluce is a fabless semiconductor company with expertise in micro-electro-mechanical systems (MEMS). Its miniature laser scanning modules integrate silicon-based solid-state MEMS micro-mirrors necessary to adjust the laser beams in automotive light detection and ranging (lidar) systems.
The acquisition will allow Infineon to strengthen its position in automated driving. Based on the know-how of Innoluce, Infineon will develop chip components for high-performance lidar systems.