A slowdown in industrial production was also apparent at competitors STMicroelectronics NV and Texas instruments Inc., which both gave disappointing forecasts last month
Infineon, a constituent of Germany's DAX blue-chip index, had hoped for a lift into the world's top-10 semiconductor makers through the deal
Infineon Technologies AG has acquired Dutch electronics company Innoluce BV, a designer of miniature "lidar" laser-scanning modules that the German chip giant says can help it develop affordable sensor systems for driverless cars.The German firm's head of its automotive business said on Tuesday the acquisition of Innoluce will help it drive down the cost of light detection and ranging sensors (lidar) for use in guidance systems for mass-market vehicles."We intend to make lidar an affordable feature for every new-built car worldwide," Peter Schiefer said in a statement.Lidar employs laser beams to measure the distance to objects near a vehicle, enabling car control systems to identify road ways, traffic signs, pavement markings, and overhead bridges and other potential obstacles.But early versions of the sensor devices developed by Silicon Valley-based firm Velodyne lidar that were used by Google in its self-driving car project cost $75,000 per vehicle.Newer versions of lidar sensors co