Infineon Technologies AG, 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 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, and, 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."