Business Services Industry
Business Microscope.(Company Business and Marketing)
InsideChips.Ventures, August, 2000
Infineon Buys Sican ... Europe's largest independent IC design house, Sican GmbH, was taken over by its German semiconductor neighbor Infineon Technologies. Sican grew to 300 persons over the course of 10 years and has amassed an arsenal of IC design technologies and IP.
Infineon has renamed the venture Advanced Semiconductor Development (ASD) and plans to rename it again in several months. Infineon apparently does not like to keep legacy names of companies it acquires. In this particular case, Sican has started to establish a brand image.
While the details of the purchase were not announced, ICV believes that Infineon paid in the $60 to $90 million range for the IC design house and IP enterprise. In our view, this is one-fifth to one-third of the...
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