Infineon Strengthens Its Power Activities by Acquiring Primarion
29 April 2008 - 4:00AM
Business Wire
Infineon Technologies (FWB:IFX) (NYSE:IFX) today announced that the
company has acquired one hundred percent of Primarion, Inc. to
further strengthen its activities in the field of power management
applications. Primarion is among the leaders in designing,
manufacturing and marketing digital power ICs for computing,
graphics and communication applications. Primarion is a fabless
company, headquartered in Torrance, California. �Infineon will now
be positioned to set the benchmark in system density, efficiency
and control by combining the performance of Primarion�s digitally
controlled power-management devices with Infineon�s leading power
semiconductors portfolio,� said Peter Bauer, Member of the
Management Board and Head of Infineon�s Automotive, Industrial and
Multimarket Business Group. �The addition of Primarion helps
accelerate our access to the potential growth in the digital power
segment by providing advanced system solutions for our customers.
This investment is also a great complement to our power management
activities based out of Villach in Austria.� Digital power is a
fast-growing emerging market for ICs in power supplies and is
increasingly replacing today�s traditional analog solutions.
Advantages of digital power ICs include the ability to optimize the
efficiency and performance of the power supply over all conditions
on the fly by adjusting key system parameters with advanced
diagnostics, telemetry and non-linear control. This leads to
increased density and reduced system cost through the removal of
bulky output capacitors and the integration of many passive
components required for �tuning� analog solutions. According to a
December 2007 report by market analyst firm iSuppli, an annual
growth of approximately 50 per cent is expected from 2007 to 2011.
Following the carve-out of Qimonda in 2006, Infineon is focusing on
three key areas of business: Energy Efficiency, Communications and
Security. The company announced its intention to address these
areas both through acquisitions and investment in organic
growth.�Following the acquisition of Texas Instruments� DSL CPE
business and LSI�s Mobility Products Group last year, the
acquisition of Primarion is another major step in strengthening
Infineon�s core business. Infineon already delivers innovative
high-performance solutions with best-in-class technologies that
help save energy and reduce pollution. The company�s products are
the basis for intelligent and optimal use of energy resources, be
it along the entire power supply chain, in industrial applications,
in household appliances or in hybrid cars. About Infineon Infineon
Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern
society: energy efficiency, communications, and security. In the
2007 fiscal year (ending September), the company reported sales of
Euro 7.7 billion (including Qimonda sales of Euro 3.6 billion) with
approximately 43,000 employees worldwide (including approximately
13,500 Qimonda employees). With a global presence, Infineon
operates through its subsidiaries in the U.S. from Milpitas, CA, in
the Asia-Pacific region from Singapore, and in Japan from Tokyo.
Infineon is listed on the Frankfurt Stock Exchange and on the New
York Stock Exchange (ticker symbol: IFX). Further information is
available at www.infineon.com. This news release is available
online at www.infineon.com/press/.
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