Infineon buys IR for $3bn
International rectifier has been bought by Infineon Technologies in a deal worth around $3billion.
Infineon say integrating IR will complement its expertise in power semiconductors and adds system know-how in power conversion, while expanding its expertise in compound semiconductors (Gallium Nitride on Silicon) and driving greater economies of scale in production.
The resulting company will, claims Infineon, have "a highly complementary and innovative semiconductor product portfolio, distribution strength and a stronger regional presence."
Dr. Reinhard Ploss, CEO of Infineon Technologies AG, said: "The acquisition of International Rectifier is a unique opportunity. With their great knowledge of specific customer needs and their application understanding, International Rectifier employees will contribute to Infineon's strategic development from product thinking to system understanding and system solutions. The combination of Infineon's and International Rectifier's products, technological and innovative excellence, as well as distributional strength will unleash great potential."
