Tata Elxsi and Infineon Partner to Accelerate EV Innovation in India

Collaboration focuses on ready-to-deploy EV systems built on Infineon technologies for two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), and commercial vehicles (CV)

Tata Elxsi, a global leader in design and technology services, and Infineon Technologies, a global leader in semiconductor solutions, have signed a Memorandum of Understanding (MoU) to jointly develop application-ready EV solutions tailored to the Indian market.

This strategic collaboration aligns with India’s rapid shift towards electrification, with EV sales growing by 25–30% year-on-year in 2024, including a 28% increase in electric two- and three-wheeler sales.

The partnership strategically leverages design and integration expertise, enabling faster adoption of automotive-grade, cost-optimised, and safety-compliant subsystems across key mobility segments. It addresses critical safety requirements such as ASIL-D (Automotive Safety Integrity Level D) compliance, as per ISO 26262 (Functional Safety of Road Vehicles) standards.

Tata Elxsi brings its design, system integration, and validation capabilities, while Infineon will provide early access to its latest semiconductor technologies—such as silicon carbide (SiC)-based components, microcontrollers, and integrated circuits (ICs).

Through this collaboration, Tata Elxsi and Infineon will work closely to develop high-voltage inverters for traction and auxiliary systems, scalable battery management systems (BMS), bi-directional onboard chargers, and high-voltage thermal management solutions for the Indian market. This will serve India’s fast-evolving 2W, 3W, PV, and CV segments, with future pathways to address eVTOL, energy, and off-highway sectors.

“Currently, several of our EV solutions are already built on Infineon SoCs and components. This MoU further strengthens our partnership by giving us a clearer scope and tighter system-level alignment, enabling shorter turnaround times to address Indian market requirements. As EV adoption scales, our focus remains on delivering production-ready, automotive standards-compliant platforms and solutions,” said Nambi Ganesh, Head of Automotive, Tata Elxsi.

“At Infineon, we are committed to driving innovation in the electric vehicle sector and empowering our partners to bring cutting-edge technologies to market. This partnership with Tata Elxsi is a significant step in our journey to support India’s ambitious electrification goals. By combining Tata Elxsi's design and integration expertise with our advanced semiconductor solutions, we are not only enhancing the development of ready-to-deploy EV systems but also ensuring that they meet the highest safety and performance standards. Together, we aim to accelerate the adoption of electric mobility across various segments, from two-wheelers to commercial vehicles, and contribute to a more sustainable future for India,” said Kenneth Lim, Senior Vice President, Automotive, Infineon Technologies Asia Pacific.

This initiative supports national targets outlined by NITI Aayog, including 80% electrification of 2W and 3W and 70% of CVs by 2030.

Tata Elxsi is among the world’s leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare, and transportation. Tata Elxsi works with leading OEMs and suppliers in the automotive and transportation industries for R&D, design, and product engineering services from architecture to launch and beyond.

It brings together domain experience across autonomous, electric, connected vehicle technologies, and software-defined vehicles (SDVs), supported by a worldwide network of design studios, development centres, and a global talent pool of over 13,000 engineers and specialists. For more information, please visit: www.tataelxsi.com/industries/automotive

About Infineon

Infineon is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Ather Energy and Infineon Technologies Partner to Accelerate India’s Electric Two-Wheeler Revolution

• The collaboration drives innovation supporting India’s EV adoption goals
• The scalable, energy-efficient solutions contribute to a greener, more sustainable future within India’s EV ecosystem

Ather Energy, a leading electric two-wheeler manufacturer in India and Infineon Technologies Asia Pacific Pte Ltd, a global leader in semiconductor solutions, signed a Memorandum of Understanding (MoU) in Seoul, South Korea, to jointly drive innovation in the electric vehicle (EV) industry in India. The collaboration focuses on advancing semiconductor technologies to support light electric vehicles (LEVs), charging infrastructure, and safety, with a shared vision to contribute to India’s growing EV ecosystem.

The partnership aims to leverage cutting-edge semiconductor solutions from Infineon based on various technologies, microcontrollers and automotive related sensors, alongside Ather’s expertise in designing state-of-the-art LEVs (Light Electric Vehicles). Together, the companies will work towards enabling more efficient, reliable, and cost-effective EV solutions, driving the adoption of electric two-wheelers in India.

(From L-R seated): Peter Schaefer, Executive Vice President and Chief Sales Officer Automotive, Infineon Swapnil Jain, Executive Director and CTO, Ather Energy 
(From L-R standing): Hong Sung-il, Senior Director, Head of Vehicle User Experience & E/E Architecture, Automotive Segment, Infineon Technologies Asia Pacific Gerald Phua, Distribution Marketing Director, Infineon Technologies Asia Pacific Girish Kamala, Senior Director & Country Head – Sales Automotive, Infineon Technologies Asia Pacific Kenneth Lim, Senior Vice President, Automotive Segment, Infineon Technologies Asia Pacific Harendra Saksena,  Chief Procurement Officer, Ather Energy Dennis Fong, Senior Director, Head of Vehicle Motion, Automotive Segment, Infineon Technologies Asia Pacific

Speaking on the occasion, Swapnil Jain, Executive Director and CTO, Ather Energy, said: “At Ather, we’ve always believed that building great EVs starts with getting the fundamentals right - performance, efficiency, reliability. Our approach has always been grounded in first-principles thinking and deep engineering, questioning how every system can be made better, faster, and more efficient. That’s where semiconductor innovation becomes critical. Infineon’s leadership in semiconductors and system solutions brings deep expertise that aligns with our engineering-first approach. Our partnership with Infineon gives us access to advanced technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost. We're looking forward to seeing how this collaboration can help us push the boundaries, not just for our products, but for the larger EV ecosystem in India."

Highlighting the importance of this partnership, Peter Schaefer, Executive Vice President and Chief Sales Officer Automotive at Infineon, said: “India is one of the fastest-growing EV markets globally, and electric two-wheelers are at the heart of this transformation. We are thrilled to partner with Ather Energy to enable the next generation of sustainable mobility solutions. Our advanced SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles. This partnership will foster innovation that contributes meaningfully to India’s ambitious objective to reach a 30 percent sales share for EVs by 2030.”

This collaboration will explore sensing and safety innovations to elevate vehicle safety and user experience. These solutions deliver significant advantages in terms of energy efficiency, charging speed, and overall system reliability, making EVs more accessible, sustainable, convenient and appealing to consumers.

New Gate Driver ICs for 5G and LTE Macro Base Stations

The EiceDRIVER™ 2EDL8 family features an integrated 120 V bootstrap diode and precise channel-to-channel propagation delay matching of ± 2 ns typically. All products in the family have industry-standard PG-VDSON-8 leadless packages and pin-out

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) introduces the new EiceDRIVER™ 2EDL8 gate driver IC product family to foster the growth in DC-DC telecom bricks for mobile network infrastructure. These dual-channel junction-isolated gate driver ICs allow for high power density, high efficiency and robustness in isolated DC-DC step-down converters/telecom bricks enabling macro base stations for 5G and LTE telecom infrastructures.

 
The 2EDL8 family comprises four variants offering two different pull-up currents and two different input configurations. The 3 A version is ideally suited for retrofit designs, while the industry-leading 4 A version is recommended to reduce MOSFET switching losses.
 
The 2EDL802x permits both channels to operate independently. This device is the perfect choice for diagonally driven full-bridges on the primary side, as well as for the synchronous rectification stage on the secondary side to reduce the losses during the freewheeling phase. The 2EDL812x has a differential input structure and built-in shoot-through protection making it the perfect choice for non-diagonally driven primary-side half-bridge stages in DC-DC brick converters.
 
The 2EDL8 features an integrated 120 V bootstrap diode and precise channel-to-channel propagation delay matching of ± 2 ns typically. All products in the family have industry-standard PG-VDSON-8 leadless packages and pin-out.
 
Availability
All four product variants of the EiceDRIVER 2EDL family are available now. More information is available at www.infineon.com/2EDL8.

Advancing Contactless Payments: Infineon and Fingerprint Cards Join Forces to Drive Mass Deployment of Biometric Cards

Biometric payment cards with integrated fingerprint sensor make contactless payments more convenient, more secure and hygienic. The contactless card remains in the hands of the cardholder throughout the entire payment transaction, while eliminating the need for PIN entries or signatures to authorize even high-value payments. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Fingerprint Cards AB (Fingerprints™, STO: FING-B) have joined forces to enable mass deployment of this emerging solution.

The world leaders for security controller in contactless payment and for fingerprint sensors incl. their related software aim to provide card makers with biometric semiconductor solutions which make integration particularly cost-efficient and scalable. The fingerprint information is stored on the card’s embedded secure element and not shared with any third party, thus protecting the user’s credentials.

“Authorizing payments without handing over the card is a huge step forward in terms of user experience, data security and hygiene. We selected Fingerprints as they are the leading biometric silicon and technology provider with market proven performance. Jointly, we want to drive the industrialization of biometric payment cards from a niche into mass market rollout,” said Bjoern Scharfen, Head of the Payment and Transport Ticketing product line at Infineon. “Combining Fingerprints’ leading biometric technology with our expertise in chip security, energy efficiency and contactless performance, we will develop a system solution that is easy to integrate and gives our customers a head start in an emerging growth market.”

“Collaboration is key in the payment ecosystem, in which Infineon is a leading player. Together we will produce an optimized solution that will make it easier for card manufacturers to integrate biometrics into future generations of contactless payment cards, ultimately putting these cards into the hands of consumers around the world to enable a worry-free payment experience,” says Michel Roig, SVP Business Line Payments & Access at Fingerprints.

Fingerprints’ sensor modules, combined with Infineon’s 40 nm high-performance and energy-efficient security controllers based on the 32-bit ARM® SecurCore® SC300™, fully support the requirements of biometric payment cards. They enable:

• Secured matching of the fingerprint image within the security controller where the private data is securely stored


• Excellent contactless performance despite the increased power required


• Convenient and reliable enrollment of sensitive biometric data in the card

Almost every second payment card with a chip worldwide has an Infineon security controller at its core Infineon also supplied chip solutions for major biometric card projects and pilots in 2020. For further information about Infineon’s payment security controllers, please go to www.infineon.com/payment

Further information about Fingerprints’ solutions for payment device manufacturers is available at https://www.fingerprints.com/solutions/payments/device-manufacturers/

Infineon Technologies AG Completes Acquisition of Cypress Semiconductor Corporation

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) announced today the Closing of the acquisition of Cypress Semiconductor Corporation. The San José-based company has become part of Infineon effective as of the Closing.

“The acquisition of Cypress is a landmark step in Infineon's strategic development,” said Infineon CEO Reinhard Ploss. “Together, we offer our customers the industry's most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of the most important global trends.

We serve as a trusted partner for customers and distributors and we are evolving from a leader in components to a leader in system solutions for the automotive, industrial and IoT markets. Furthermore, customers can benefit from our increased global reach and enhanced design-in support tailored to their needs. We welcome our new colleagues from Cypress to Infineon.”

The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and on a broader range of applications. This will accelerate the company's path of profitable growth. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high- performance memories. All this is highly complementary to Infineon's leading power semiconductors, automotive microcontrollers, sensors and security solutions. Combining these technology assets enables advanced solutions for high-growth applications such as ADAS/AD, IoT and 5G mobile infrastructure. The addition of Cypress' strong R&D capabilities and its foothold in the U.S. and Japan strengthen Infineon's connections with customers around the world.

Financial rationale of the merger confirmed

On 3 June 2019, Infineon and Cypress announced that the companies had signed a definitive agreement under which Infineon would acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. The transaction has been approved by the Cypress shareholders and all required regulatory clearances have been obtained.

The acquisition is expected to be accretive to earnings in the 2021 fiscal year. The profitability is expected to rise while capital intensity of the combined business will decrease, increasing free cash flow. We expect annual cost synergies of €180 million gradually ramping up over approximately three years after Closing. The complementary portfolios will enable the offering of additional chip solutions with a revenue synergy potential of more than €1.5 billion per annum in the long term.

The acquisition makes Infineon one of the world's top 10 semiconductor manufacturers. Already a leader in power semiconductors and security controllers, Infineon is now also becoming the number one semiconductor supplier to the automotive industry.

Stable and long-term refinancing structure

The acquisition is initially funded through a combination of cash on hand and committed acquisition financing facility provided by a consortiumof 20 national and international banks. With maturities ranging from March 2022 until June 2024 for individual tranches, the acquisition facility provides ample time and flexibility for long-term refinancing measures to arrive at the target capital structure. Infineon is committed to retaining an investment grade rating and therefore, unchanged from the initial announcement, Infineon intends to ultimately finance approximately 30 percent of the total transaction with equity. With the share placement and the issuance of the hybrid bond in 2019. Infineon has already done significant steps towards achieving the desired quantum. Given current macro uncertainties caused by the coronavirus pandemic, a solid balance sheet and a strong liquidity position are key. To this end, Infineon will keep liquidity corresponding to its target level of €1 billion plus at least 10 percent of sales. Furthermore, a consistent deleveraging path will be pursued in order to bring the ratio of gross financial debt to EBITDA back to its target value of maximum 2.0x over the mid-term.

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2019 fiscal year (ending 30 September), the Company reported sales of €8.0 billion with about 41,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Infineon and NSRCEL, IIM-Bangalore Tie Up to Nurture Startups in Artificial Intelligence

India unit of German semiconductor manufacturer Infineon and NSRCEL, the startup incubator and entrepreneurship centre at Indian Institute of Management Bangalore (IIM-Bangalore), have signed a memorandum of understanding (MoU) to strengthen Artificial Intelligence and Software Development ecosystem in India by mentoring and nurturing the early and growth stage startups.

Under the collaboration, Infineon will share problem statements and NSRCEL at IIMB will introduce Infineon to the developer community of NSRCEL to foster joint innovation projects in Artificial Intelligence and Software Development. The partnership enables Infineon to offer dedicated training, lab facilities and support strategically relevant startups from NSRCEL with product samples and development kits. Furthermore, Infineon has agreed to provide its technical subject matter experts, as mentors. The partnership also includes introduction of the startups to Infineon’s customers to explore collaboration or business potential and Infineon’s participation in NSRCEL events as a speaker or panelist.

[caption id="attachment_127441" align="alignleft" width="605"] Mr. Rajiv Sawhney, COO - NSRCEL, IIM Bengaluru, Mr. Vinay Shenoy, Managing Director, Infineon Technologies (India)[/caption]

Professor G Raghuram, Director, IIM Bangalore, said: “IIMB is very happy to partner with Infineon, a leading technology company from Germany, in supporting startups. This partnership will be operationalized through NSRCEL, the innovation and entrepreneurial hub of IIMB, and with support from NITI Aayog’s Atal Innovation Mission. NSRCEL will now be able to offer incubation to startups in deep dive technology in a meaningful way.”

“Artificial Intelligence unleashes enormous innovation potential in our industry and offers great business opportunities,” said Dr. Reinhard Ploss, CEO of Infineon Technologies AG. “We see increasing demand for our energy-efficient power and IT-security solutions, which are a prerequisite for developing A.I. In addition, A.I. opens up a vast array of possible applications for the Internet of Things and Smart Mobility.” Reinhard Ploss added: “We want to accelerate the way we learn about A.I. and identify use cases early on. By working together with NSRCEL and IIM Bangalore, we aim to join forces with India’s innovative entrepreneurs and startups in this field.”

NSRCEL, the center for innovation and entrepreneurship at IIMB, is supported, among others, by the Atal Innovation Mission (AIM) of NITI Aayog. Infineon had signed a Statement of Intent with NITI Aayog earlier this year to support the Atal Innovation Mission. NSRCEL also supports academic research to promote a better understanding of the entrepreneurial context and entrepreneurial strategies in the Indian context.

It may also be recalled that earlier this month, and another private firm, Mphasis, has too partnered with NSRCEL at IIM-Bangalore, as part of its Social Venture Incubation Program, to support ‘early-stage social ventures by incubating and supporting 'for profit' social ventures and comprises start-ups that have been in operation for one to three years

Headquartered in Neubiberg, Germany, Infineon Technologies AG is a leading semiconductor solutions firm that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the Company reported sales of €7.6 billion with about 40.100 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

~ Business Wire India