Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

German chip maker Infineon to buy California firm International Rectifier for $3 billion

FRANKFURT - German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars to satellites.

Infineon said in Wednesday's announcement that it's paying $40 per share for El Segundo-based International Rectifier. The deal has been approved by both boards, but must win regulatory permission and meet the approval of International Rectifier shareholders. The deal is expected to close late this year or early in 2015.

Infineon, based in Munich, has 26,700 employees and makes chips for a wide variety of products including cars, medical equipment and mobile devices. It says combining with International Rectifier will increase the scale and efficiency of its own power-management business.

"The combination of Infineon's and International Rectifier's products, technological and innovative excellence, as well as distributional strength will unleash great potential," Infineon CEO Reinhard Ploss said in a joint news release.

International Rectifier President and CEO Oleg Khaykin said that his company "will benefit from Infineon's products and technologies, manufacturing and operational excellence and greater R&D scale."

International Rectifier was founded in 1947 and has 4,160 employees. Its products have been used in a large number of appliances and products, including 2,000 space projects such as the Curiosity Mars Rover and the Hubble Space Telescope, according to the company's website.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates