Semiconductor manufacturer Infineon Technologies is planning to spin off its memory chip business by the middle of next year.
The move will let Infineon focus on its core logic business, which includes such sectors as communications and automotive.
According to a statement outlining what they called a “strategic realignment,” company officials said they intended to create two independent companies to focus on logic and memory products.
Infineons goal is to conduct an initial public offering for the new company, although officials did not elaborate or give details.
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