Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

IXYS To Buy Samsung Electronics' 4-/8-bit Microcontroller Business For $50 Mln

IXYS Corp. (IXYS: Quote), an international power semiconductor and IC company, Friday announced that it has entered into an agreement with Samsung Electronics (SSNNF.PK,SSNLF.PK), to acquire 4-/8-bit microcontroller business for about $50 million. The transaction is expected to be completed within four weeks of signing the agreement. The net impact is expected to be accretive for IXYS in the fiscal year 2014.

As part of deal, IXYS said it will receive nearly 80 products, inventories, intellectual property and other assets exclusively related to the 4-/8-bit business.

Throwing light on the acquisition, Nathan Zommer, Chairman and CEO of IXYS said, "....The 4-/8-bit products fit with our mixed signal ICs and our power semiconductors, whereby we will be able to offer our customers complete solutions for power management -- from the digital control analog driver ICs to higher power devices."

Current 4-/8-bit products to be acquired by IXYS include MCUs for remote controllers, ultra-low power MCUs and a series of products for home appliances, consumer electronics and LCD displays.

Click here to receive FREE breaking news email alerts for IXYS CORP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
European stocks are seen opening lower on Monday, tracking weak commodity prices and a subdued trend across the Asia-Pacific region as investors look ahead to Chinese manufacturing data due on Tuesday for important clues about China's growth outlook. China is experiencing stable growth and there... Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.