PARIS — Infineon Technologies will buy California-based International Rectifier for about $3 billion in cash, in a move described as the German company’s biggest acquisition ever.
Through the transaction, the German chip company, best known for its automotive chips, is repositioning itself as a comprehensive provider in the market for silicon-, silicon-carbide-, and gallium-nitride-based power devices and integrated circuits.
The merger will prove particularly effective in the power semiconductor segment, complementing Infineon’s range of high-voltage, high-power semiconductors with International Rectifier’s low-voltage, low-power chips, according to an Infineon spokesman.
For the full story, see EBN sister site EE Times.
— Junko Yoshida is the Chief International Correspondent for EE Times.
— Ismini Scouras contributed to this report.