News Article
Communication activities strengthened through acquisition of mobility business
Infineon Technologies has announced that the company will further strengthen its activities in the field of communications by acquiring the mobility products business of LSI Corporation (LSI), the deal is expected to be closed in the fourth calendar quarter of 2007.
Infineon Technologies has announced that the company will further strengthen its activities in the field of communications by acquiring the mobility products business of LSI Corporation (LSI), the deal is expected to be closed in the fourth calendar quarter of 2007. "This move demonstrates our commitment to maintain and grow our position in the wireless market. The business acquired from LSI will significantly strengthen our position and will add highly qualified experts to the Infineon team," said Dr. Wolfgang Ziebart, President and CEO of Infineon Technologies. "Infineon's commitment to the mobility market will ensure our customers continuity of the LSI product line, ongoing customer support and a broader portfolio of solutions to address their needs," said Abhi Talwalkar, LSI president and chief executive officer." Analysts expect that world wide approximately 1.1 billion mobile phones will be sold in 2007. This makes mobile phones the biggest market segment for electronics. Annual growth for the next three years is expected to be around 6.5 per cent, driven mainly by growth in the Far East and India.