IXYS Corporation (NASDAQ: IXYS), an international power semiconductor and IC company, has completed its previously announced acquisition of Samsung’s 4- and 8-bit microcontroller line. The acquired product line includes MCUs for various consumer, medical, automotive, telecom and power management applications.
“The closing of the Samsung microcontroller acquisition is a tremendous strategic milestone, whereby we are able to bolster our product portfolio and empower customers to utilize IXYS’ products across the entire power spectrum – from digital control to higher power devices,” said Nathan Zommer, CEO of IXYS Corporation.
IXYS’ wholly-owned subsidiary, Zilog, Inc., will offer the 4- and 8-bit microcontrollers acquired from Samsung, as well as its current expansive MCU product offerings. Zilog is a pioneer in application-specific, embedded system-on-chip (SoC) solutions for the industrial and consumer markets. In fact, many of Samsung’s MCUs were originally based on Zilog’s legendary cores. Zilog will assume responsibility for customer support, R&D and supply chain of these acquired products; customers will also benefit from the added resources promoting further development of these MCUs.
Zilog will be working closely with Samsung to transition the product line, with expectations for quality products and timely deliveries. Additionally, IXYS and Samsung have secured a four-year foundry agreement, which will provide ample product supply for current Samsung customers.“We expect that this acquisition will prove fruitful not only to Samsung MCU customers, who can now expect dedication to 8-bit MCU development, but also to Zilog customers, who have access to additional products under the Zilog umbrella,” noted Steve Darrough, Vice President IXYS-Zilog Sales & Marketing. About IXYS and Zilog Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve energy conversion efficiency, generate clean energy, improve automation, and provide advanced products for the transportation, medical and telecommunications industries. IXYS, with its subsidiaries, is a worldwide pioneer in the development of power semiconductors, solid-state relays, high voltage integrated circuits (HVIC) and microcontrollers that are necessary in conserving energy and in reducing the world’s dependence on fossil fuels.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts