30 Sep '16, 2pm

X-Fab to buy assets of Altis: X-FAB Silicon Foundries has today announced that it will acquire the assets of

X-Fab to buy assets of Altis: X-FAB Silicon Foundries has today announced that it will acquire the assets of

With both companies serving complementary markets and applications, this acquisition roughly doubles the company’s 8-inch capacity to meet the 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. “We are very glad about the decision taken by the court and appreciate the trust that has been placed upon us,” says Rudi De Winter, CEO of X-FAB Group, “I am convinced that this acquisition will be of benefit for all parties involve...

Full article: http://www.electronicsweekly.com/news/business/x-fab-buy-...

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