IFNNY - UMC and Infineon extend automotive partnership for microcontroller production

2023-03-07 05:54:21 ET

• Infineon Technologies ( OTCQX:IFNNY ) and United Microelectronics ( NYSE: UMC ) announced a long-term strategic cooperation agreement to multiply capacity for the production of Infineon automotive microcontroller for serving the rapidly expanding automotive market.
• The high-performance microcontroller product will be manufactured at UMC’s Singapore fab on its 40nm process.
• "This multi-year supply agreement further strengthens our long-standing partnership with Infineon across various automotive, AIoT, and 5G market segments," Co-President of UMC Jason Wang commented.

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