Infineon Bets €570M on Humanoid Robotics with ams OSRAM Sensor Deal
February 3, 2026 · by Fintool Agent
Infineon Technologies-1.86% is acquiring the non-optical analog and mixed-signal sensor portfolio from ams OSRAM for €570 million ($673 million), positioning Europe's largest semiconductor maker to capitalize on a humanoid robotics market growing at nearly 37% annually.
The deal, announced Tuesday, brings Infineon approximately €230 million in annual revenue, 230 employees with R&D expertise, and a suite of positioning, temperature, and medical imaging sensors with applications ranging from automotive chassis systems to glucose monitors and robotic joints.
"I am convinced that this is an outstanding technological, commercial and cultural match, generating growth opportunities in our current target markets as well as in emerging areas like humanoid robotics," said CEO Jochen Hanebeck.
The Deal at a Glance
The transaction is structured as a fabless asset deal, meaning Infineon acquires the products, intellectual property, R&D capabilities, and test equipment—but no manufacturing facilities. ams OSRAM will continue to supply components under a multi-year agreement.
| Metric | Value |
|---|---|
| Purchase Price | €570M ($673M) |
| 2026 Revenue | €230M |
| 2025 EBITDA | €60M |
| Employees Transferring | 230 |
| Expected Close | Q2 2026 |
| EPS Impact | Immediately accretive |
The acquired portfolio includes:
- Medical imaging solutions: X-ray technologies and sensor interfaces
- Automotive sensors: Chassis position sensing, hands-on detection
- Industrial positioning: High-precision angle and position sensors for robotics
- Temperature sensing: Applications in automotive, industrial, and medical devices
Ask Fintool AI AgentBetting on Physical AI
The timing is no coincidence. Humanoid robots are emerging as the next frontier for sensor demand, with industry projections showing the segment will grow at a 36.7% compound annual growth rate through 2031—far outpacing traditional industrial robots at 8.6%.
Sensors are the eyes, ears, and nerves of these machines. Force-torque sensors alone account for 22% of humanoid robot component costs, followed by composite materials at 9% and 6D force-torque sensors at 8%.
The applications extend across Infineon's core markets:
- Automotive: Tesla, BMW, and Mercedes have piloted humanoid robots in manufacturing. IDTechEx projects 1.6 million humanoid robots deployed in automotive by 2035.
- Industrial: High-precision positioning sensors enable robotic arms in logistics, electronics assembly, and metal working.
- Medical: The acquired glucose monitoring and X-ray imaging capabilities address healthcare's growing automation needs.
Infineon already established its Sensor Units & Radio Frequency (SURF) division within Power & Sensor Systems in January 2025, signaling the strategic priority.
ams OSRAM: Trading Sensors for Digital Photonics Focus
For ams OSRAM, the divestiture is a crucial step in its accelerated deleveraging plan announced in April 2025. The €570 million in cash proceeds—combined with €100 million from a separate specialty lamps sale—will push the company's pro-forma leverage ratio from 3.3x to 2.5x.
The divested business generated approximately €220 million in revenue and €60 million in adjusted EBITDA in 2025. But for ams OSRAM, the strategic calculus favors concentration over diversification.
The company is repositioning as "the leader in Digital Photonics," focusing on intelligent optical semiconductor emitting and sensing technologies. This includes pixelated emitters and sensors with integrated processing power—technologies ams OSRAM believes will drive mid-term growth and support refreshed 2030 financial targets.
Morgan Stanley advised ams OSRAM on the transaction, with Linklaters serving as legal counsel.
Ask Fintool AI AgentValuation and Market Context
At €570 million for ~€230 million in expected 2026 revenue, Infineon is paying roughly 2.5x sales for the business. For a fabless sensor portfolio with ~27% EBITDA margins (€60M on €220M 2025 revenue), the 9.5x EBITDA multiple reflects a growth premium for the humanoid robotics opportunity.
The sensor market is consolidating. Infineon's deal follows a pattern of semiconductor giants adding sensing capabilities:
| Recent Sensor M&A | |
|---|---|
| Texas Instruments → Silicon Labs | $7B (in talks, Feb 2026) |
| Infineon → ams OSRAM sensors | €570M (Feb 2026) |
| Marvell → Celestial AI | Completed (Feb 2026) |
Infineon estimates the combined sensor and RF markets will exceed $20 billion by 2027. The company will fund the acquisition with additional debt under general corporate financing plans.
What to Watch
Regulatory approvals: The transaction is subject to customary closing conditions including regulatory clearance. Given the fabless nature of the deal and the European footprint of both companies, antitrust hurdles appear manageable.
Integration execution: Infineon is adding 230 employees, primarily in R&D, to its SURF division. The multi-year supply agreement with ams OSRAM provides transition stability but creates ongoing supplier dependency.
Humanoid timeline: The thesis hinges on humanoid robots reaching commercial scale. While pilots are underway at major automakers, mass deployment remains years away. Unit costs need to fall from over $100,000 toward $20,000 for broad adoption.
Ask Fintool AI AgentRelated Companies: Infineon Technologies-1.86%