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Industry News

The Chips are Down for Infineon Acquisition

March 27, 2004
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In what is the company’s first acquisition of a controlling stake in an Asian semiconductor company, Infineon Technologies has signed an agreement to acquire ADMtek Inc., a fabless, integrated circuit design company based in Hsinchu, Taiwan, for around €80 M. The new company will focus on developing broadband customer premise equipment (CPE) ICs and enable Infineon to enter the home gateway market.

Combining ADMTek’s expertise in CPE products with Infineon’s strong position and expertise in the central office, along with the complementary customer base of both companies, will further strengthen Infineon’s position in the fast-growing, broadband access market segment. The company will be able to offer its customers a complete IC solution package for feature-rich, multimedia home gateways that support high speed wireline and wireless advanced services.

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