With this transaction, ADI enhances its aerospace and defence capabilities in the area of secure radio communications.
Japan's TDK Corp. has placed a Rs.368.93 crore ($55 million) bid to buy MEMS manufacturer Tronics Microsystems.
The acquisition is a step towards Hero Electronix's goal of becoming an ₹7,000 crore global digital business.
Both Wolfspeed and Infineon Technologies are the market leaders and the pact reinforces their dominant market position.
Despite a “little overlap” between the companies’ IoT products, those destined for a hard look will be Cypress’ Bluetooth products.