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Infineon to sell NOR Flash and F-RAM business for $1.12B

Infineon said it will sell its NOR Flash and F-RAM business to Winbond Electronics for $1.12 billion on a cash and debt-free basis, while keeping a portfolio of specialty memory solutions.

IFX

12 billion on a cash and debt free basis. The German chip maker said Wednesday that it will retain a portfolio of specialty memory solutions.