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
Shares of steel giant ArcelorMittal were losing around 4 percent in the early morning trading in Amsterdam after the company reported sharp decline in first-quarter EBITDA, a key earnings metric, as sales were weak with lower prices and production. Net loss, however, narrowed from last year. The company also confirmed its forecast for annual EBITDA, which is lower than last year. As the din settles down on a dismal quarter at one of the world's exciting tech company, it is time to sit back and take stock of what went wrong and will the wrong be righted in the near term? Online movie rental service Netflix Inc., in a blog post on Thursday, said it is offering a new tool to better control data usage when streaming on cellular networks. The feature helps subscribers switch from default speed to higher-quality streams. Netflix's updated app on iOS or Android now has a default streaming speed of 600 kilobits-per-second for all users.
comments powered by Disqus
Follow RTT