Product category:
Intellectual Property Cores
News Release from: LSI Europe
Edited by the Electronicstalk Editorial
Team on 14 March 2008
Infineon acquisition to boost disk-drive
IC range
Assets and intellectual property from the Infineon HDD business include product designs, related software, inventory and test equipment.
LSI Corp has signed a definitive agreement to acquire the assets of the hard disk drive semiconductor business of Infineon Technologies "Through the addition of the Infineon HDD business, LSI has taken another significant step toward becoming the leading worldwide provider of silicon solutions for hard disk drive makers", says Ruediger Stroh, Executive Vice President and General Manager, Storage Peripherals Group, LSI
This article was originally published on Electronicstalk on 23 May 2001 at 8.00am (UK)
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"We expect the acquisition to immediately accelerate revenue with a top-tier customer, Hitachi Global Storage Technologies, while enhancing our competitive position in the desktop and enterprise space".
The agreement calls for LSI to purchase the assets and intellectual property of the Infineon HDD business, which includes product designs, related software, inventory and test equipment.
LSI also will enter into additional agreements with Infineon, including intellectual property, design services, transition services, and supply agreements.
The transaction is expected to close within 60 days and is subject to the satisfaction of customary closing conditions and regulatory approvals.
Financial terms are not being disclosed.
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