IR acquires CHiL for $75million
International Rectifier has signed a definitive agreement to acquire CHiL Semiconductor in a deal worth $75million. The acquisition will add CHiL's energy efficient digital power management platform to IR's existing point of load and mulltiphase product portfolio.
"The addition of CHiL's technology and expertise to our portfolio of industry leading products such as DirectFET, PowIRstage and SupIRBuck, will offer our customers a unique value proposition by providing a high performance, cost effective, complete end to end integrated solution," said Tim Phillips, vp and general manager, Enterprise Power Business Unit of IR.
Vishwas Karve, vp of Strategy and Business Development at IR, added: "The acquisition of CHiL expands IR's presence immediately in the high performance computing and graphics segments; over the medium term in the server, storage and notebook end markets and longer term across the company's vertical end market segments, including energy savings products, automotive products and HiRel business units."
The transaction is expected to close in the first calendar quarter of 2011.
