Littelfuse Pays Elmos €24.6 Million To Loosen Its Grip On The Dortmund Chip Fab
The one-time fee, worth $28.5 million, came straight out of third-quarter semiconductor sales, and cash goes out over two payments.
Littelfuse, which makes fuses, sensors, relays and power semiconductors, owes Elmos Semiconductor €24.6 million ($28.5 million) for renegotiating its Dortmund wafer fab deal, the quarterly filing showed Wednesday. It was charged against third-quarter chip revenue.
What the fee buys
The September 15 amendment frees Littelfuse entities from cross-guarantees and eases transfer restrictions. Littelfuse says that widens its options for the Dortmund Semiconductor GmbH asset.
Payment comes in two parts: €15 million in the fourth quarter of 2026 and €9.6 million in the second quarter of 2027. Meanwhile other customer reserves in accrued liabilities stood at $30.2 million at September 26, against $2.9 million at December 27, 2025.
A dent in semiconductor sales
Semiconductor sales in the Electronics segment were $187.4 million in the quarter, against $174.1 million a year earlier. The earnings release adds the fee back to reach $215.9 million of adjusted semiconductor net sales.
The 10-Q also records a $1.3 million non-cash impairment of customer relationships acquired with the Dortmund fab, which it ties to lower expectations for future revenue and cash flow. The prior quarter's filing carried no such charge.
A fab bought at the end of 2024
Littelfuse completed its purchase of the 200mm Dortmund fab from Elmos on December 31, 2024, for about €94 million, and reports it within its semiconductor business. Since then it has announced the closure or disposition of two semiconductor manufacturing sites, with fixed-asset impairments of $13.4 million for the first nine months of 2026.
The company expects remaining employee-termination payments from its restructuring to be substantially finished during fiscal 2027.
Sources
- 10-Q Filing — Littelfuse (LFUS) — SEC EDGAR
- 10-Q Filing — Littelfuse (LFUS), Q2 FY2026 filed 2026-07-29 (comparison basis) — SEC EDGAR
- Earnings release (8-K Item 2.02, q32026earningsreleaseex991.htm) — Littelfuse, filed 2026-10-28 — SEC EDGAR
- Littelfuse (LFUS) Beats Q3 Earnings Estimates — Yahoo Finance
- Littelfuse Q3 2026 Earnings Call Transcript — benzinga.com
- Littelfuse Non-GAAP EPS of $5.79 beats by $0.81, revenue of $767M misses by $27.66M (LFUS:NASDAQ) — seekingalpha.com
- Littelfuse expects Q4 net sales $750M-$770M while reaffirming 2030 targets of $4.5B revenue and $1.1B adjusted EBITDA (NASDAQ:LFUS) | Seeking Alpha — seekingalpha.com
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