German semiconductor giant Infineon Technologies announced the divestiture of its memory business, selling its NOR Flash and F-RAM divisions to Taiwanese memory manufacturer Winbond Electronics for $1.12 billion in cash. The transaction is expected to close in the second half of 2027, pending regulatory approvals. This business primarily serves automotive, industrial, and infrastructure customers, and will operate as an independent entity headquartered in Silicon Valley after the transaction. Infineon's move aims to further focus on its core businesses, while Winbond Electronics will significantly expand its footprint in the specialized memory market.