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ADMtek Incorporated

ADMtek Incorporated
2F, No.2, Li-Hsin Rd., Science-based Industrial Park, Hsinchu, 300, Taiwan, R.O.C.
Tel + 886-3-5788879
Fax + 886-3-5788871

    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 ADMtek Inc

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