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[11 Mar 2008 | One Comment | 494 supporters]

Neubiberg, Germany – March 10, 2008 – Infineon Technologies AG (FSE/NYSE: IFX) entered into a definitive agreement, under which LSI Corporation (NYSE: LSI) will acquire Infineon’s hard disk drive (HDD) business.
Under the terms of the agreement, LSI will purchase the Infineon HDD business, which designs, manufactures and markets semiconductors for HDD devices. Infineon will transfer its complete HDD activities, including customer relations as well as know-how and will grant an IP license. Also included in the transaction is a design service agreement. The transaction does not comprise significant assets and …