MagnaChip, INELTEK in European Sales Distribution Agreement

MagnaChip Semiconductor MX today announced that it has entered into a sales distribution agreement with INELTEK GmbH, a Germany-based distributor of advanced semiconductor products and services in Europe. (Logo: http://photos.prnewswire.com/prnh/20120305/NY61184LOGO ) INELTEK, a leading European distributor, offers an extensive range of semiconductor products with a tradition of exceptional technical support and engineering services. INELTEK's wide distribution network includes sales and support offices in eight countries as well as individualized on-site customer assistance. Under the terms of the agreement, INELTEK will distribute MagnaChip's power semiconductor products throughout Europe providing MagnaChip with access to new high growth markets and customers. "This relationship is an excellent opportunity for both companies to increase their market share of semiconductor products in Europe and to gain access to new markets. Furthermore, we are able to provide additional products in the category of analog and mixed-signal semiconductors to our blue chip customer base," said Bernhard Sonnentag, INELTEK`s Managing Director "We are very pleased to add INELTEK GmbH to our distribution network in Europe," said Brent Rowe, MagnaChip's Executive Vice President of worldwide sales. See full press release