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A boardroom brawl just resulted in the ouster of Semtech's CEO -- one day after the company reported a big net loss.
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In December 1999, Semtech bought USAR Systems Inc., a maker of embedded devices for handheld and notebook computers, for $26.7 million in stock. [ 18 ] [ 19 ] In March 2012, it bought Gennum Corporation, a supplier of high-speed analog semiconductors, for approximately CA$500 million ( US$494 million). [ 20 ]
The firm once traded on the Toronto Stock Exchange (SEM.A and SEM.B). It was renamed Semi-Tech Corporation in 1994 as it diversified into consumer products. The company had bad bonds and millions of dollars of Canadian shareholders were burned. By late 1999, the company had just $600,000 in cash and unpaid debts of $650 million. [4]
Infineon is listed in the DAX index of the Frankfurt Stock Exchange. In 2010, board member Klaus Wucherer was elected to step into the chairman's office upon the retirement of the then-current chairman Max Dietrich Kley following a proxy contest in advance of the shareholders' meeting. [9] In 2023, it was Germany's largest chip manufacturer. [10]
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The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits.