IXYS announces increase to stock repurchase program

MILPITAS, USA & BIEL, SWITZERLAND: IXYS Corp. announced that its Board of Directors has approved an increase in its repurchase program, topping it up to 2,000,000 shares of its common stock, or approximately 6 percent of the Company’s approximately 31 million shares of common stock currently outstanding. Prior to the increase, the program had about 1.1 million shares that remained available for purchase.

The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market through block trades or otherwise. The timing and amount of such repurchases will depend on market conditions.

IXYS develops and markets primarily high performance power semiconductors and control ICs that are used in controlling and converting electrical power efficiently in power systems for telecommunication infrastructure, motor drives, medical systems and transportation.

IXYS also serves emerging markets with digital and analog ICs that control flat panel displays, medical instruments and telecommunication products.