![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, March 06, 2003 11:09:49 AM
MUNICH, Germany, Mar 6, 2003 (BUSINESS WIRE) -- Infineon Technologies AG (FSE:IFX) (NYSE:IFX), one of the world's leading semiconductor companies, today announced that it's subsidiary, Infineon Technologies North America Corp., has agreed to acquire the assets of MorphICs Technology Inc., headquartered in Campbell, California. The deal is expected to close on March 31, 2003.
This acquisition will strengthen Infineon's position in the 3G sector and enlarge its IP portfolio for multi-standard wireless solutions. It will also broaden Infineon's product range for the 3G infrastructure market with programmable chips for digital baseband signal processing, enabling Infineon to cover the entire signal processing chain. The terms and conditions of the acquisition were not disclosed.
The addition of MorphICs' products, technology, and team supports Infineon's Agenda 5-to-1 strategy, which sets out the company's objective to become the world-leading provider of total solutions in the semiconductor business within the next five years.
"The MorphICs acquisition is an example of the Infineon strategy to expand our portfolio in key growth segments and add world-class know-how, technology and expertise of highly specialized companies," said Ulrich Hamann, CEO of Secure Mobile Solutions at Infineon Technologies AG. "With this step, we not only strengthen our presence in the 3G infrastructure market; we are also accelerating the development of multi-network configurable mobile handsets."
Founded in 1998, MorphICs is a privately held fabless semiconductor company with 30 employees. It is an innovative developer of configurable digital baseband circuits for terminal devices and basestations for 3rd-generation (3G) wireless communications. MorphICs' core technology permits extremely efficient implementation of programmable multi-standard platforms for 3G/WLAN systems. The company is currently sampling its basestation signal processor product, which is entering trials in commercial networks, and is developing technology that enables efficient multi-network operation of terminals.
"We look forward to combining our 3G systems, software, and silicon expertise with Infineon's market-leading mobile solutions business -- a match with powerful synergies," said Dr. Ravi Subramanian, MorphICs President and CEO. "By integrating our core technology with Infineon's key strengths across the mobile communications and security space, together we will be uniquely positioned to build compelling integrated solutions spanning both infrastructure and terminals."
About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for the automotive and industrial sectors, for applications in the wired communications markets, secure mobile solutions as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In the fiscal year 2002 (ending September), the company achieved sales of Euro 5.21 billion with about 30,400 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX).
Further information is available at www.infineon.com. About MorphICs
MorphICs Technology, Inc. is a privately-held fabless semiconductor company headquartered in Campbell, California. The company offers a new-class of programmable signal processor semiconductors and software solutions for use in next-generation wireless infrastructure and terminals. MorphICs combines expertise in communication theory, digital signal processing, computer architecture, and silicon engineering to cost-effectively deliver programmable, high-performance signal processing engines for use in basestations and terminal devices. Further information is available at www.morphics.com.
This news release is available online at http://www.infineon.com/news/
This press release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events. These statements and all other statements that are not historical facts, are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties and other factors, many of which are outside the control of Infineon and MorphICs.
CONTACT: Infineon
Guenter Gaugler, +49 89 23428481 (Worldwide Headquarters)
guenter.gaugler@infineon.com
Toni Goodrich, +1 408 501 6382 (U.S.A.)
toni.goodricht@infineon.com
Kaye Lim, +65 6840 0689 (Asia)
kaye.lim@infineon.com
Hirotaka Shiroguchi, +81 3 5449 6795 (Japan)
hirotaka.shiroguchi@infineon.com
Investor Relations, +49 89 234 26655 (Investor Relations)
investor.relations@infineon.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA GERMANY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS
SOFTWARE
HARDWARE
COMPUTERS/ELECTRONICS
MERGERS/ACQ
SOURCE:
Infineo
Daniel Nieves
Recent IDCC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 12:17:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 08:06:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 01:05:55 PM
- More than half of connected devices will be haptic enabled by 2028, revealing exciting opportunity for immersive video • GlobeNewswire Inc. • 08/20/2024 08:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 08:19:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 12:28:06 PM
- InterDigital Announces 2024 Investor Day • GlobeNewswire Inc. • 08/01/2024 12:45:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 12:35:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 12:32:54 PM
- Interdigital Announces Financial Results for Second Quarter 2024 • GlobeNewswire Inc. • 08/01/2024 12:30:21 PM
- InterDigital signs license agreement with Panasonic • GlobeNewswire Inc. • 08/01/2024 08:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:52:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:48:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:47:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:45:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:40:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:37:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:31:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 12:30:03 PM
- InterDigital Announces Date for Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/18/2024 12:30:00 PM
- UK Court of Appeal rules in favor of InterDigital in dispute with Lenovo • GlobeNewswire Inc. • 07/12/2024 01:10:00 PM
- InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027 • GlobeNewswire Inc. • 07/03/2024 08:00:00 AM
- InterDigital signs license agreement with Google • GlobeNewswire Inc. • 07/02/2024 08:00:00 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 12:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:56 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM