Infineon will pay $250 million in common stock in connection with the acquisition of the IC manufacturer

April 30, 2001

1 Min Read

MUNICH -- Infineon Technologies AG (FSE/NYSE: IFX), one of the world's leading semiconductor companies, today announced it has entered into a definitive agreement to acquire Catamaran Communications Inc., San Jose, California, an emerging leader in integrated circuits for the next generation 40 Gbps and fast growing 10 Gbps segments of the optical networking market. Infineon will pay US$ 250 million in common stock in connection with the acquisition.

"With this acquisition we are executing further on our strategy to strengthen Infineon's leadership in communications," explained Dr. Ulrich Schumacher, President and CEO of Infineon Technologies. "Combining our communications expertise with that of Catamaran will give us a competitive advantage in the fast growing optical networking market and a leading position in the high speed line card segment at speeds of 40 Gbps and beyond."

Infineon Technologies AG

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