German chipmaker, Infineon technologies, has acquired US start-up Catamaran Communications in an all-stock deal worth $250m.
Published: 30 April 2001 15:38 GMT
Catamaran makes integrated circuits for high-speed optical networks. While the largest part of Infineon's revenue comes from making chips for PCs and servers the company has been expanding into the telecoms and communications chip market.
The acquisition will strengthen Infineon's position in these new markets, company executives said.
Infineon shares rose 4.37 per cent in trading today.
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