X-Fab Announces: Acquisition of MOSFET Manufacturer
2024-01-05 09:47:25
X-Fab Silicon Foundries will acquire M-MOS Semiconductor, a discrete MOSFET design company, for €22.5 million.
M-MOS Semiconductor has been owned by Xtrion NV. Xtrion NV has been a major investor in X-Fab through November 2023, so this acquisition represents a continuation of Xtrion NV's divestment, essentially a reorganization.
M-MOS Semiconductor has been owned by Xtrion NV. Xtrion NV has been a major investor in X-Fab through November 2023, so this acquisition represents a continuation of Xtrion NV's divestment, essentially a reorganization.
Due to the past relationship between Xtrion NV and X-Fab, it is necessary to review the proposed transaction for any conflicts of interest under stock market rules.
M-MOS is a fabless company specializing in MOSFET technology development and custom MOSFET device design.M-MOS's MOSFET wafers for the industrial, consumer, and automotive markets are primarily manufactured by X-Fab.In 2022, M-MOS had revenues of $32 million. The deal will also bring gallium nitride on silicon (GaN) capabilities.
In November 2023, Xtrion NV sold all of its shares in X-Fab to its indirect shareholders, Elex NV and Sensinnovat BV, which are investment vehicles for the Duch?telet and De Winter-Chombar families, respectively. The De Winter-Chombar and Duch?telet families currently hold a 30.7% stake in X-Fab and Sarawak Technology Holdings Sdn Bhd holds a 35.2% stake respectively.
"X-Fab started its discrete device business in Erfurt, Germany, more than 20 years ago, and we subsequently produced trench MOSFETs for M-MOS at our Kuching, Malaysia, facility," said X-Fab group executive Rudi De Winter in a statement.
De Winter added that X-Fab has also added other forms of discrete power semiconductor business, including silicon carbide technology at X-Fab in Texas and gallium nitride technology at X-Fab in Dresden. "I am positive that M-MOS's process and product layout understanding, along with market knowledge, will certainly aid accelerate the future development of X-Fab's discrete business."
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