March 08, 2017, anysilicon
German foundry X-FAB plans to raise 250M Euros or US$265 million in an IPO in Paris Euronext to support future acquisitions and strengthen its capital structure.
We are on a growth track,” says Rudi de Winter CEO of X-FAB, “and being a public company with increased financial capabilities will further solidify this growth as it gives higher visibility and more financial leeway to take advantage of additional opportunities in the future.”
Based in Erfurt, Germany, X- FAB has approximately 3800 employees and generated revenues of 290 million Euros in 2013. X-FAB specializes in the fabrication of analog and mixed-signal for fabless semiconductor companies and IDMs, as well as MEMS and solutions for high voltage applications.
The company owns 6 wafer fabs in: Germany, France, Malaysia and USA. With wafer capacity of 95,000 wafers per month (8 inch).
X-FAB plans to use the IPO proceeds increase wafer capacity and to grow the company via acquisitions.