Tewksbury Company to be Purchased for $75 million

International Rectifier Corporation  announced this week that it has signed an agreement to buy Tewksbury-based CHiL Semiconductor Corporation for $75 million in cash.

According to a press release issued by International Rectifier, the acquisition "expands IR’s technology by adding a leading digital power management platform that improves energy efficiency in a wide variety of applications, including computing systems, graphics, servers and gaming."

CHiL, a privately held company, located at 1 Highwood Drive,  uses patented digital techniques in combination with mixed signal technology to deliverI multi-phase power solutions that saves energy.  According to the press release, "the open architecture approach to digital control, where customers can tailor power systems for cost and performance goals, enables significant board space and bill-of-materials reduction, integrating many analog features into the digital core of the technology."

“The addition of CHiL’s technology and expertise to our broad portfolio of industry leading products such as DirectFET, PowIRstage and SupIRBuck, offers IR’s customers a unique value proposition by providing a high performance, cost effective, complete end-to-end integrated solution,” stated Tim Phillips, vice president and general manager, Enterprise Power Business Unit of IR.  “Digital power management is entering a rapid adoption phase and the addition of CHiL’s technology strengthens IR’s market position to capitalize on this growth opportunity.

“The acquisition is the next logical step after our successful strategic product relationship with CHiL during the past year and will augment IR’s talent base by adding an experienced digital power design and applications engineering team,” he said.

The transaction is expected to close by the end of March. There has been no in formation released as to how the meger will impact the workers at the Tewksbury facility.