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12
February
2007

Infineon closes Israel R&D center

German based chip giant Infineon Technology has closed it's R&D centre in Israel and fired all 39 employees.
The R&D centre in Israel is located in Netanya and was founded in 1995 to develop ultra-wide band (UWB) technology for broadband wireless connectivity for transmitting heavy multimedia files. UWB is a future product that does not yet have a standard or market in the foreseeable future, so it was decided to halt development activity in the area at this time, a company spokesperson told Globes.
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