Avago Technologies Acquires Bulk Acoustic Wave (BAW) Business from Infineon

SAN JOSE, Calif.,  September 30, 2008

Avago Technologies announced today that it acquired Infineon Technologies AG’s bulk acoustic wave (BAW) business, based in Munich, Germany.  Under the terms of this agreement, Avago paid Infineon approximately 21.5M EUR in cash.

Infineon’s bulk acoustic wave (BAW) business is a leader in high precision RF filtering for wireless applications and complements Avago’s existing film bulk acoustic resonator (FBAR) filtering technologies.   This acquisition provides Avago with several strategic assets, including a strong IP portfolio and highly experienced R&D team, which forms the core team for Avago’s recently established wireless R&D center in Munich, Germany.  This development team will focus on building upon Avago’s existing FBAR filter product portfolio, which offers industry leading performance and manufacturability.  The BAW products will be discontinued and obsolescence notices have been sent to affected customers.

 “The acquisition of Infineon’s BAW business is in line with Avago’s commitment to strengthening our position in the analog RF wireless market,” said Bryan Ingram, senior vice president and general manager of Avago’s wireless semiconductor division. “The Infineon team pioneered BAW filter design and manufacturing techniques, which are complementary to our existing FBAR filter technologies.”

About Avago Technologies
Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal and optoelectronics components and subsystems to more than 40,000 end customers. Backed by strong customer service support, the company's products serve four diverse end markets: industrial and automotive, wired infrastructure, wireless communications, and computer peripherals. Avago has a global employee presence and heritage of technical innovation dating back 40 years to its Hewlett-Packard roots. Information about Avago is available on the Web at www.avagotech.com.

Safe Harbor Statement
This announcement and supporting materials may contain forward-looking statements which address our expected future business and financial performance. These forward looking statements are based on current expectations, estimates, forecasts and projections of future Company or industry performance based on management’s judgment, beliefs, current trends and market conditions, and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, we caution you not to place undue reliance on these statements. Avago Technologies Finance Pte. Ltd.'s Annual Report on Form 20-F filed with the SEC on December 13, 2007, as amended on February 27, 2008, recent Current Reports on Form 6-K, and other filings with the U.S. Securities and Exchange Commission ("SEC") (which you may obtain for free at the SECs website at http://www.sec.gov) discuss some of the important risk factors that may affect our business, results of operations, and financial condition.

###


Avago, Avago Technologies, and the A logo are trademarks of Avago Technologies in the United States and other countries.

 



Press Contact
Alice Borda
alain.dangerfield@avagotech.com
Telephone: + 1 408 435 6385

Share |