Infineon bets on new chip generation with $850 million Wolfspeed buy

By Harro Ten Wolde and Maria Sheahan FRANKFURT (Reuters) - German chipmaker Infineon Technologies has agreed to buy Wolfspeed Power and RF for $850 million from U.S. company Cree, betting on new energy efficient chips it expects will dominate the market in the next decade. Wolfspeed helps to make electronic devices operate more efficiently as its products are smaller, thinner and faster, lowering power losses in the process. Chips for the automotive industry comprise almost half of Infineon's sa