Infineon buying Taiwan chip designer

January 28, 2004 – Infineon Technologies AG plans to buy ADMtec Inc., a Taiwanese fabless chip design firm for the broadband and networking markets, for about $75 million in cash, and an additional $25 million if unspecified “performance and development milestones” are met within two years.

The new company, Infineon-ADMtec Co. Ltd., headquartered in Hsinchu, is Infineon’s first acquisition of a controlling stake in an Asian semiconductor company.

The purchase is expected to be completed in April 2004 pending shareholder and regulator approval.


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