IXYS Corporation (NASDAQ: IXYS) announced today that its Board of
Directors has authorized an additional stock repurchase program of up to
1,000,000 shares of its common stock, or approximately 3% of the
Company's approximately 31 million shares of common stock currently
outstanding. This new program is in addition to the stock repurchase
program approved in February 2011, which remains in effect for shares
not yet purchased.
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.