International Rectifier Corporation (IR) has agreed to acquire the privately held CHiL Semiconductor Corporation for $75 million conversion in cash.
The acquisition broadens IR's technology by adding a leading digital power management platform that improves energy efficiency in a wide variety of applications.
"The addition of CHiL's technology and expertise to our broad portfolio of industry leading products such as DirectFET, PowIRstage and SupIRBuck, offers IR's customers a unique value proposition by providing a high performance, cost effective, complete end-to-end integrated solution," commented Tim Phillips, vice president and general manager, enterprise power business unit of IR.
"Digital power management is entering a rapid adoption phase and the addition of CHiL's technology strengthens IR's market position to capitalize on this growth opportunity."
Meanwhile, ON Semiconductor recently announced the appointment of Hans Stork to the position of chief technology officer and senior vice president.
The supplier of high performance silicon solutions for energy efficient electronics said that it will focus its organic research and development and technical innovation to further expand the company's energy efficient product and solution offerings in key market segments.