Friday, January 30, 2004
Infineon Technologies AG, the world's sixth-largest semiconductor company based out of Germany, has successfully acquired ADMtek Inc., a Taiwanese broadband communications chip designer, for US$ 100 million.
Thomas Seifert, CEO of Infineon's Wireline Communications business group. "Thanks to this acquisition Infineon can provide its growing customer base fully functioning, end-to-end broadband access technologies including CPE products. ADMtek mostly specializes in chips for Ethernet switches and network interface cards. It also has a smaller line of chips for wireless LAN and home gateway applications.
Infineon will establish a new company, Infineon-ADMtek, headquartered in Hsinchu, Taiwan, after the acquisition to focus on developing broadband customer premise equipment (CPE) ICs and enable Infineon to enter the home gateway market. "ADMtek's complementary competencies and technologies will enable us to successfully compete in the broadband CPE market with a complete system solution," said Thomas Seifert, head of Infineon's Wireline Communications business group.
Infineon said the deal also calls for it to supply products to Accton Technology Corp., holding more than 20-percent stake in ADMtek and the largest stakeholder of ADMtek. "With Infineon's technology support, I believe ADMtek will be able to expand its product lines," said ADMtek chairman Ken Lu. The agreement, yet to be approved by shareholders and various government approvals including the competent anti-trust authorities in April.
By: DocMemory
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