Chipmaker Infineon Technologies Austria has acquired portfolio company Danube Integrated Circuit Engineering (Dice), an Austria-based supplier of integrated circuits for radar-powered sensors.
Infineon Technologies Austria, a subdivision of Germany-headquartered semiconductor provider Infineon Technologies focused on mobility, energy efficiency and security, operates out of the city of Linz, home to Dice and Johannes Kepler University (JKU), where Dice’s technology was developed.
Founded in 1999, Dice produces highly integrated radio frequency circuits that underpin radar sensor chips, for use in driver assistance systems, mobile devices and navigation applications.
The company – founded by Richard Hagelauer, professor and head of JKU’s Institute for Integrated Circuits – will assist Infineon’s local unit in developing chipsets for autonomous vehicles and mobile devices.
Gerhard Riess, senior director for radar excellence at Dice, will take an international management role within the Infineon group following the deal. Infineon owned a minority stake in Dice but has not revealed details of its investment.
The firm is currently building a research and development hub for Dice in Linz with enough capacity for 220 additional employees, bringing the spinout’s potential headcount to 400.
The original version of this article appeared on our sister site, Global University Venturing.