Infineon Technologies agreed to acquire ADMtek Inc., a fabless, integrated circuit (IC) design company based in Hsinchu, Taiwan, for around EUR 80 million in cash. The deal enables Infineon to enter the home gateway market. Infineon will establish a new company, Infineon-ADMtek Co. Ltd, headquartered in Hsinchu, which will focus on developing broadband customer premise equipment (CPE) Ics. Infineon said it intends to offer a complete IC solution package for feature-rich, multimedia home gateways that support high-speed wireline and wireless advanced services. The deal represents Infineon’s first acquisition of a controlling stake in an Asian semiconductor company.
As part of the transaction, Infineon has also signed a supply agreement to provide products to Accton Technology Corporation and its affiliate companies for broadband CPE solutions. http://www.infineon.com
