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January 28, 2004 Infineon Technologies (FSE/NYSE:
IFX), the world's sixth-largest semiconductor company and one of the leading broadband
access IC providers, today announced that it has signed an agreement to
acquire ADMtek Inc., a fabless, integrated circuit (IC) design company based
in Hsinchu, Taiwan, for around Euro 80 million in cash, which includes an
earn out portion of about Euro 20 million if certain performance and
development milestones are achieved within two years after completion.
Infineon will establish a new company, Infineon-ADMtek Co. Ltd,
headquartered in Hsinchu, which will focus on developing broadband customer
premise equipment (CPE) ICs and enable Infineon to enter the home gateway
market. This is Infineon's first acquisition of a controlling stake in an
Asian semiconductor company.
Apr 30, 2004 Infineon Technologies AG acquires