€570M! Infineon Acquires AMS OSRAM Mixed-Signal Sensors

On February 5, Infineon Technologies AG announced the acquisition of AMS OSRAM Group's non-optical analog/mixed-signal sensor product portfolio, further strengthening its sensor business. The deal, valued at €570 million on a "debt- and cash-free" basis, has been officially agreed upon by both parties.

The acquisition will complement and enhance Infineon's existing product lineup, consolidating its leadership in automotive and industrial sensors while broadening its reach into healthcare applications. The acquired business is expected to generate approximately €230 million in revenue for Infineon by 2026, contributing new growth momentum to the company's profitability. Post-acquisition, the transaction is expected to immediately boost earnings per share, with future synergies projected to create significant added value. Around 230 employees with expertise in R&D and business management will join Infineon as part of the deal, alongside a multi-year supply agreement with AMS OSRAM.

The transaction is structured as an asset deal without wafer fabs, covering sensor products, R&D capabilities, intellectual property, and test and laboratory equipment. Regulatory approvals and standard closing conditions are required, with completion anticipated in Q2 2026. Financing for the acquisition will be secured through new debt as part of Infineon's overall funding strategy.

Sensors act as the bridge between the physical and digital worlds, converting motion, sound, light, temperature, heartbeat, and strain into actionable data. They are central to software-defined vehicles, health monitoring, and physical AI applications, including humanoid robotics. By 2027, the sensor and RF market is projected to exceed $20 billion.

The acquired mixed-signal business will strengthen Infineon's portfolio with advanced medical imaging and sensor interface solutions, including X-ray applications and sensors for valve control, building automation, and metering. Combined with its temperature sensor assets, the acquisition enhances Infineon's ability to deliver high-precision positioning, capacitive sensing, and temperature solutions across automotive, industrial, and healthcare sectors. Applications range from vehicle chassis position detection and hands-off steering detection to robotic joint angle and position monitoring, as well as glucose monitoring.

This acquisition aligns seamlessly with Infineon's strategic expansion of its sensor business. In January 2025, Infineon established the Sensor and RF (SURF) division within its Power & Sensor Systems (PSS) segment, reinforcing its strategy of offering a robust, interconnected product portfolio across "Analog & Sensors," "Power," and "Control & Connectivity" domains to deliver comprehensive system-level solutions.