Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Chip maker Infineon to buy California firm for $3B
Technology » German company buying semiconductor firm International Rectifier.
First Published Aug 20 2014 12:18 pm • Last Updated Aug 20 2014 12:18 pm

Frankfurt • German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars to satellites.

Infineon said in Wednesday’s announcement that it’s paying $40 per share for El Segundo-based International Rectifier. The deal has been approved by both boards, but must win regulatory permission and meet the approval of International Rectifier shareholders. The deal is expected to close late this year or early in 2015.

Join the Discussion
Post a Comment

Infineon, based in Munich, has 26,700 employees and makes chips for a wide variety of products including cars, medical equipment and mobile devices. It says combining with International Rectifier will increase the scale and efficiency of its own power-management business.

"The combination of Infineon’s and International Rectifier’s products, technological and innovative excellence, as well as distributional strength will unleash great potential," Infineon CEO Reinhard Ploss said in a joint news release.

International Rectifier President and CEO Oleg Khaykin said that his company "will benefit from Infineon’s products and technologies, manufacturing and operational excellence and greater R&D scale."

International Rectifier was founded in 1947 and has 4,160 employees. Its products have been used in a large number of appliances and products, including 2,000 space projects such as the Curiosity Mars Rover and the Hubble Space Telescope, according to the company’s website.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.