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

5/24/2013 11:16 PM ET

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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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