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IXYS Corp Announces Agreement with Samsung Electronics Co Ltd to Acquire 4 and 8 Bit Microcontroller Business


Friday, 24 May 2013 10:00pm EDT 

IXYS Corp announced it has executed a definitive agreement with Samsung Electronics Co Ltd to acquire Samsung's 4-/8-bit microcontroller business for approximately $50 million. As part of the agreement, IXYS will receive nearly 80 products, inventories, intellectual property and other assets exclusively related to the 4-/8-bit business. The acquisition is expected to be completed within four weeks from the date of signing of the definitive agreement. The net impact is expected to be accretive for IXYS in the fiscal year ending March 31, 2014. Current 4-/8-bit products to be acquired by IXYS include MCUs for remote controllers, ultra-low power MCUs and a series of products for home appliances, consumer electronics and LCD displays. Applications include battery chargers, thermostats, boiler control, microwaves, e-bikes, LED lighting, power meters, blood pressure meters and smoke detectors.