Dr. Cengiz Balkas, INTRINSIC President and CEO stated, "The strategic acquisition of AMDS allows INTRINSIC to have an organic presence in Europe; a key market for the future growth of our business. AMDS allows INTRINSIC to immediately offer a portfolio of discrete SiC device products. This acquisition is a vital step for INTRINSIC in order to leverage our existing core SiC materials technology into expanding device markets. Additionally, AMDS' patented technologies further improve upon INTRINSIC's distinct intellectual property position. With the recent announcement of our gallium nitride (GaN) epitaxial services business, INTRINSIC now offers a full array of complementary wide bandgap materials and device solutions."
"Our team is very pleased to be joining INTRINSIC and look forward to continuing our efforts in developing the industry's highest-performing SiC devices," said Bengt-Olof Larsson, Chairman of AMDS. Dr. Chris Harris, Technical Director AMDS, added, "We are excited to have access to internal SiC substrates, epitaxy, which together with our comprehensive applications engineering effort will enable technically disruptive RF, power and sensor components. INTRINSIC also provides the ideal platform to advance our device activities in the US market."
AMDS, renamed INTRINSIC Semiconductor AB, will become a wholly owned European subsidiary of INTRINSIC.
About INTRINSIC Semiconductor Corporation
INTRINSIC Semiconductor is a privately held emerging growth company focusing on materials and device technologies based on SiC and GaN; clear forerunners for next-generation high power and high-frequency device applications. For additional information on INTRINSIC, please visit www.intrinsicsemi.com.
For more information on INTRINSIC, contact: firstname.lastname@example.org
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About AMDS, AB
Advanced Micro Device Solutions (AMDS), a private company founded in Sweden in 2001, develops proprietary RF, power and sensor devices using patented state-of-the-art SiC technology.
INTRINSIC Semiconductor Corporation Cengiz Balkas, 703-437-4000