LONDON Continuing its strategy of divesting non-core activities, Royal Philips Electronics has sold, for an undisclosed sum, its controlling stake in French wafer supplier Ommic S.A.S to Financiere Victoire.
Ommic (Limeil- Brévannes, near Paris) focuses on semiconductor wafers based on gallium arsenide technology for applications such as wireless infrastructure, optical networks and mobile TV.
The company employs approximately 75 people, and is part of Philips' Corporate Investments portfolio and will remain based in Paris and subject to French law and governance.
The company also supplies epitaxy, foundry services and MMICs based around advanced III-V process. Main products include GaAs PHEMT, GaAs MHEMT, InP HBT for frequencies from 500 MHz to 150 GHz.
Earlier this week, British GaAs chip maker Flltronic plc said it needs to make even deeper cuts than planned at —or even sell — its Compound Semiconductor business, following the loss of its biggest customer for switches from the unit.