Bel to Acquire Power-One

Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB) announced today that it has entered into a definitive agreement to acquire the Power-One Power Solutions business of ABB Ltd. (NYSE:ABB).  Bel will pay approximately $117 million in cash to acquire the Power Solutions business, which had 2013 revenue of approximately $251 million.  The acquisition, which is subject to…

Ioxus Opens Second Plant

Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, today announced the opening of its second manufacturing facility in Oneonta, New York. The 22,000 sq. ft. plant, located less than a mile from Ioxus’ headquarters, will create increased capacity for both electrode manufacturing and module assembly to meet…

STMicro Names New COO

STMicroelectronics (NYSE: STM) announced today the appointment of Jean-Marc Chery as Chief Operating Officer. Chery currently serves as Executive Vice President and General Manager, Embedded Processing Solutions (EPS). He will continue to report to Carlo Bozotti, ST’s President and Chief Executive Officer. In this new role, Chery will continue to hold overall responsibility for EPS…

SMIC Releases Q1 Results

Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) (“SMIC” or the “Company”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2014. First Quarter 2014 Highlights Revenue was $451.1 million in 1Q14, a decrease of 8.3% quarter over quarter. Non-GAAP revenue…

Exar to Acquire iML

Exar Corporation (NYSE:EXAR), a leading provider of analog mixed-signal, video and data management solutions, through a wholly owned subsidiary, has signed a definitive agreement to acquire Integrated Memory Logic Limited (iML TW:3638), a leading provider of analog mixed-signal solutions for the flat panel display market. The iML acquisition supports Exar’s strategy of building a large…