International Rectifier (IR), a power management technology company, has acquired semiconductor company CHiL Semiconductor for $75m in cash, subject to working capital adjustments.
The acquisition expands IR’s technology by adding a digital power management platform that improves energy efficiency in a wide variety of applications, including computing systems, graphics, servers and gaming, said the company.
CHiL uses patented digital techniques in combination with mixed signal technology to deliver multi-phase power solutions that save energy.
IR Enterprise Power Business Unit of vice-president and general manager Tim Phillips said the addition of CHiL’s technology and expertise offers IR’s customers a unique value proposition by providing a high performance, cost effective, complete end-to-end integrated solution.
Phillips said, "Digital power management is entering a rapid adoption phase and the addition of CHiL’s technology strengthens IR’s market position to capitalise on this growth opportunity."
"The acquisition is the next logical step after our successful strategic product relationship with CHiL during the past year and will augment IR’s talent base by adding an experienced digital power design and applications engineering team."
CHiL Semiconductor CEO Ram Sudireddy said, "IR’s focus on power management solutions and energy efficiency make it an ideal partner for our customers and employees."
The transaction is expected to close in the first calendar quarter of 2011.
