Lantiq was a Germany-based fabless semiconductor company of approximately 1,000 people formed via a spin-out from Infineon Technologies. The company was purchased in 2015 by Intel for $345M.[1]
Corporate history
Lantiq was creaed on July 7, 2009 when Infineon Technologies announced that it agreed to sell its wire-based communications division to Golden Gate Capital, resulting in a new stand-alone name of Lantiq.[2] This was one of several steps to raise cash during the Great Recession.[3] Some technology had been acquired when Infineon purchased Taiwan-based ADMTek (partially owned by Accton Technology Corporation) for approximately US$100 million in cash in 2004.[4]