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  • Written by Media Outreach
MUNICH, GERMANY & ZURICH, SWITZERLAND - Media OutReach - 4 October 2023 - Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that Infineon has acquired the Zurich-based startup 3db Access AG (3db), a pioneer in secured low power Ultra-Wideband (UWB) technology and already today a preferred IP provider for major automotive brands. The acquisition further strengthens Infineon's portfolio for secured smart access, precise localization and enhanced sensing. Infineon now adds UWB to its connectivity range including Wi-Fi, Bluetooth®/Bluetooth® Low Energy and NFC solutions. The first set of IoT use cases include secured access and authentication, accurate location tracking and indoor navigation, as well as presence detection utilizing UWB radar implementations. Infineon is acquiring 100 percent of the company's shares. The parties have agreed not to disclose the amount of the transaction. ABI Research expects the UWB chipset market to grow at an annual 13 percent, amounting to approximately US$3.1 billion by 2028[1].

Demand for UWB-capable devices is expected to grow significantly with Smartphone manufacturers adding UWB capability in the latest and future generations of their products. As part of Infineon, 3db evolves from an IP provider to a team of experts selling solutions opening up the best of this technology to smartphones as well as cars and enabling standalone integration in low-power IoT devices.

In the dynamic UWB market and with rapidly increasing demand from numerous manufacturers, suppliers are also differentiating themselves through their research activities. With their combined expertise, Infineon and 3db will now offer additional benefits to their customers: Originally an ETH Zurich spinoff, 3db maintains a strategic partnership with ETH. Infineon is poised to develop this relationship even further, in addition to intensified collaboration in the relevant standardization bodies for secured localization and sensing. Moreover, Infineon's broad market access is backed by extensive R&D activities. With 59 R&D sites worldwide, Infineon currently holds more than 31,000 patents and invests an annual 13 percent of its revenues in R&D.

[1] Source: ABI Research - Wireless Technology Segmentation and Addressable Markets, September 2023

Hashtag: #Infineon #3db #UWB #M&A

The issuer is solely responsible for the content of this announcement.

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