Infineon Technologies and GlobalFoundries Cement Multi-Year Supply Deal for Automotive Innovations
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and GlobalFoundries (Nasdaq: GFS) (GF) have today publicized a significant multi-year agreement to supply Infineon’s AURIX™ TC3x 40 nanometer automotive microcontrollers. This partnership also encompasses power management and connectivity solutions. The expanded capacity aims to bolster Infineon’s business growth trajectory from 2024 to 2030.
Long-Standing Collaboration in Semiconductor Technology
Since 2013, Infineon and GF have collaborated in developing differentiated semiconductor technology and products for automotive, industrial, and security applications. Central to this partnership is the development of a robust embedded non-volatile memory (eNVM) technology, pivotal for mission-critical automotive applications. This technology meets the rigorous safety and security standards essential for next-generation vehicle systems. Infineon’s flagship AURIX microcontroller family is instrumental in driving the industry’s shift towards autonomous, connected, and electrified vehicles.
Infineon’s Commitment to Decarbonization and Digitalization
Dr. Rutger Wijburg, Chief Operations Officer at Infineon, highlighted the importance of the agreement in strengthening the supply of semiconductor solutions. These solutions are key to advancing decarbonization and digitalization in the automotive sector. Infineon’s focus is on delivering high-quality microcontrollers with enhanced connectivity and advanced safety features. The AURIX microcontrollers play a crucial role in creating reliable electronics for the future of autonomous and all-electric vehicles.
GlobalFoundries’ Role in Supporting Infineon’s Expansion
Niels Anderskouv, Chief Business Officer at GF, emphasized the significance of securing Infineon as a long-term customer, particularly in Europe where the automotive industry is a major driver of innovation and economic growth. This partnership underlines the importance of a global manufacturing footprint in meeting the capacity needs of customers. The collaboration between Infineon and GF brings innovation and differentiation to the automotive industry across multiple continents. The agreement assures additional manufacturing capabilities for Infineon, enhancing supply chain resilience.
Implications for the Automotive Industry
The agreement between Infineon Technologies and GlobalFoundries marks a pivotal step in the evolution of the automotive industry. With a focus on advanced microcontroller technology, this partnership is set to influence the development of next-generation vehicles, aligning with global trends towards more sustainable, safe, and interconnected automotive solutions. The commitment of both companies to this long-term collaboration underscores the dynamic nature of the semiconductor industry and its critical role in the advancement of automotive technologies.