X-FAB to acquire assets of Altis Semiconductor
04 October 2016
X-FAB Silicon Foundries announced that it will acquire the assets of Altis Semiconductor out of insolvency proceedings.
With both companies serving complementary markets and applications, this acquisition enriches X-FAB’s offering. It roughly doubles the company’s 8-inch capacity to meet growing demand for its manufacturing technologies, as well as significantly increasing its European footprint. Based on the characteristics of X-FAB’s technologies and end markets, the acquisition also ensures the long-term existence and development of the site in Corbeil-Essonnes and, as part of a larger group, will also enhance its competitiveness. It is part of X-FAB’s strategy to strongly invest in R&D activities for the development of proprietary technologies, which will also apply to the new site.
Rudi De Winter, CEO of X-FAB Group, said: “We are very glad about the decision taken by the court and appreciate the trust that has been placed upon us. I am convinced that this acquisition will be of benefit for all parties involved with Altis Semiconductor being a perfect fit for X-FAB on our way to becoming the foundry of choice for the analog world. It enables us to quickly expand our capacities to meet rising customer demand.”
The assets will be transferred into the newly founded X-FAB France SAS. The completion of the acquisition is subject to local laws and regulations and customary closing conditions. Terms of the acquisition were not disclosed.
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