Infineon takes 20% stake in Austria's NewLogic
Infineon has 20% stake in Austria's NewLogic
By Peter Clarke, Semiconductor Business News
March 14, 2003 (12:19 p.m. EST)
URL: http://www.eetimes.com/story/OEG20030313S0040
MUNICH, Germany -- It has been revealed that Infineon Technologies AG took a 20 percent stake in NewLogic Technologies AG, an Austrian start-up company that has achieved success as a supplier of intellectual property (IP) cores and design services in the areas of Bluetooth and wireless LAN standards, back in 1999. Sources at NewLogic confirmed that Infineon had acquired a stake in the company and has a representative on the board of directors, but declined to say how much Infineon had paid for its stake. “When NewLogic goes for its IPO [initial public offering of shares in the company] we will have to say everything,” one source said. Lustenau-based NewLogic has followed a classic start-up progress achieving design wins and intellectual property licenses with multiple companies, including Infineon (see March 7, 2002, story), but its route to an IPO was blocke d in 2002 due to difficult market conditions. According to a source, NewLogic has been ready for an IPO since some time in 2002 but the market conditions forced the company to hold off. “We are prepared but not committed. We will wait until the conditions are right,” the source said. NewLogic recently announced a research center for fourth generation communications technology in Munich, Infineon's historical home town, a further step in bonding the two companies together (see March 13 story).
Related Semiconductor IP
- Bluetooth Low Energy 6.0 Digital IP
- Ultra-low power high dynamic range image sensor
- Flash Memory LDPC Decoder IP Core
- SLM Signal Integrity Monitor
- Digital PUF IP
Related News
- Philips takes $9M stake in Improv Systems
- Austria's NewLogic receives certification for Bluetooth IP cores
- Infineon teams with Austria's NewLogic in wireless LAN licensing pact
- austriamicrosystems announces license agreement with Infineon for FlexRay transceiver IC
Latest News
- Intel facing another crossroads: 18A or 14A process node
- Creonic Successfully Renewed its ISO 9001:2015 Certification
- Silvaco Strengthens Leadership Team with Three Industry Veterans to Drive Innovation and Growth
- JFE Shoji Electronics Signs Sales Agent Agreement with Andes Technology
- Mixel Supports Automotive SerDes Alliance (ASA) Motion Link SerDes IP