IR to buy CHiL for $75 million

February 28, 2011 // By EE Times
IR to buy CHiL for $75 million
International Rectifier has agreed to acquire CHiL Semiconductor (CHiL) for $75 million in cash, subject to working capital adjustments.

CHiL's digital power management platform complements IR technology in point-of-load and multi-phase products, according to International Rectifier (El Segundo, CA). The management platform from CHiL (Tewkesbury, MA) supports energy efficiency in applications that include computing, graphics, servers and gaming.

CHiL uses patented digital techniques in combination with mixed signal technology to deliver high performance multi-phase power solutions that save energy. The open architecture approach to digital control, where customers can tailor power systems for cost and performance goals, enables significant board space and bill-of-materials reduction, integrating many analog features into the digital core of the technology.

"Digital power management is entering a rapid adoption phase and the addition of CHiL's technology strengthens IR's market position to capitalize on this growth opportunity," said Tim Phillips, vice president and general manager of the enterprise power business unit of IR, in a statement. "The acquisition is the next logical step after our successful strategic product relationship with CHiL during the past year and will augment IR's talent base by adding an experienced digital power design and applications engineering team," concluded Mr. Phillips.

"The increased focus on energy efficient products over the next decade is expected to drive an expanding use of digital power management in applications such as DC-DC converters, AC-DC converters, lighting, inverters and Class-D audio systems," stated Vishwas Karve, vice president of strategy and business development of IR in the same statement. "The acquisition of CHiL expands IR's presence immediately in the high performance computing and graphics segments, over the medium-term in the server, storage and notebook end markets and longer-term across the Company's other vertical end market segments including Energy-Savings Products, Automotive Products and HiRel business units."

"CHiL has secured a significant number of design-wins across a wide spectrum of graphics, high performance computing and server platforms that IR can help grow," said Ram Sudireddy, CEO of HiL Semiconductor, in the same statement.

The transaction is expected to close in


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