Date: 13th Aug 2010
IBM and Infineon divest in Altis Semiconductor
IBM and Infineon Technologies have closed a transaction
to sell 100% of the share capital of Altis Semiconductor
to the new corporation Altis International. IBM and Infineon
said this completes the divestment of their joint venture
Altis Semiconductor in France.
Altis International is owned by Mr. Yazid Sabeg. The French
entrepreneur is also chairman of the board of the company
CS Communication & Systèmes which is specialized
in communications and security systems.
IBM and Infineon have also entered into supply agreements
with Altis Semiconductor and will continue to use the production
facility in France under their silicon foundry sourcing
strategies and as a subcontractor for wafer test services.
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