LONDON Altis Semiconductor SA, the French joint-venture semiconductor company that it was announced would be sold by IBM and Infineon to Advanced Electronic Systems AG (Zurich, Switzerland), will come under the control of Rosoboronexport, the Russian state-owned arms export company, according to a Kommersant report.
The report valued the deal at between 300 million euro and 500 million euro (about $400 million and $700 million).
While it was revealed by IBM Corp. (East Fishkill, N.Y.) and Infineon Technologies AG (Munich, Germany) last week that Altis' purchaser AES is owned by a Russian holding company called Global Information Services, with offices in Moscow and Miami, the Kommersant report described Global Information Services as "unknown" and said the company is owned by Rosoboronexport State Corp. The website for the company is www.rusarm.ru.
Rosoboronexport sells a comprehensive range of weapons systems for export including battle tanks, MIG fighter aircraft, surface warships and submarines, long-range air defense missile systems, radar and electronic warfare and electronic countermeasures systems.
Altis has been used by Infineon and IBM to perform production of logic chips at 250-nm and 130-nm and research and prototyping of novel memory technologies such as magnetic RAM and conductive-bridging RAM. Rosoboronexport could use Altis to contribute to the development of electronics systems in VAZ automobiles, the Kommersant report said.
Rosoboronexport did not deny its involvement in the acquisition of Altis according to the report, which quoted the arms exporter as saying it "does not comment on uncompleted deals." The deal is subject to regulatory approvals and work councils processes and is anticipated to close in the fourth quarter of calendar year 2007.
About 2000 people work at Altis Semiconductor's 55-hectare wafer fab site at Corbeil-Essonnes, 40 kilometers south of Paris.
Altis, Infineon test conductive-bridging RAM at 90-nm
Oil boom boosts Russian electronics
Altis CEO Eckstein resigns to join AMD