AMI Semiconductor acquires Alcatel Microelectronics' mixed-signal business

APRIL 15--AMI Semiconductor Inc. (AMIS; Pocatello, ID; www.amis.com) and STMicroelectronics (Geneva, Switzerland;www.st.com) have signed an agreement whereby AMIS will purchase from STMicroelectronics the just-acquired mixed-signal business activities of Alcatel Microelectronics. The transaction will cover Alcatel Microelectronics' mixed-signal ASIC business and development groups, including two Alcatel Microelectronics fabrication facilities located in Oudenaarde, Belgium, and the associated process technologies. The deal will strengthen AMIS' leading position in the digital and mixed-signal ASIC market for telecommunications, automotive, and industrial applications. In connection with the transaction, STMicroelectronics and AMIS have signed a supply agreement under which AMIS will provide certain manufacturing services for STMicroelectronics.

The manufacturing facilities and process technology, some of which ST will license to AMIS within the scope of the transaction, will extend AMIS' mixed-signal ASIC products to include high-voltage, BiCMOS, and other analog capabilities to serve a wider market and set of customer applications.

The terms of the agreement were not disclosed. The purchase is subject to regulatory approvals.