logo
Share SHARE
FONT-SIZE Plus   Neg

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

IXYS Corp. (IXYS), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT