LONDON Ė Infineon Technologies AG is supplying power chips for electric cars from 2003 startup Tesla Motors Inc., according to a Bloomberg report that quotes Infineon CEO Peter Bauer.
Bauer revealed the design win when speaking to the International Club of Frankfurt Business Journalists on Wednesday (Nov. 24) evening, Bloomberg said.
Infineon power ICs are used in the Tesla Roadster and are being tested for use in the Model-S, which is under development and due to begin production in 2012, the article said.
Infineon (Munich, Germany) is in the process of selling its wireless business group to Intel Corp. for $1.4 billion in cash leaving Infineon to focus on automotive, industrial and energy related applications for semiconductors. The deal is expected to close in the first quarter of 2011.
Bauer told the meeting that the wireless chip business is highly volatile and closely tied to the fluctuating U.S. dollar. The automotive business is more stable and design wins achieved in the near future will generate sales for Infineon in 2015 and beyond, the report cited Bauer as saying.
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