GVH withdrew its approval after the U.S. Federal Trade Commission informed it that Infineon may have provided incomplete and misleading information on the size of the markets affected by the merger.

GVH fined Infineon almost HUF 76 million for the shortfall.

In February, Cree said it had terminated the planned sale of its Wolfspeed power and radio frequency division to Infineon because of the concerns of the Committee on Foreign Investment in the United States (CFIUS).