Infineon and LS Industrial Systems Form Joint Venture to Forge Ahead in Molded Power Module Business for White Goods; Joint Venture to Accelerate Access to Power Module Market in Korea and Asia

09.06.09 - 12:31 ... source : Infineon Technologies

... Joint news release of LS Industrial Systems and Infineon Technologies Business & Financial Press June 9, 2009 Seoul, Korea, and Neubiberg, Germany - June 9, 2009 - The Korean company LS Industrial Systems and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the establishment of the joint venture LS Power Semitech Co., Ltd. which will focus on the development, production and marketing of molded power modules for white good applications. The establishment of the joint venture paves the way for Infineon and LS Industrial Systems to more rapidly access the promising market for energy efficient household appliances, such as washing machines, refrigerators and air conditioners, and also for other low-power consumer and standard industrial applications. The use of variable- ...» Next (HTML)