IDT acquires Tundra Semiconductor

Posted on: Tue, 30 Jun 2009 12:38:00 EDT


Symbols: IDTI, TRSCF
Jun 30, 2009 (Datamonitor via COMTEX) --
TRSCF | Quote | Chart | News | PowerRating -- Integrated Device Technology, a provider of mixed signal semiconductor solutions, has completed the acquisition of all of the shares of Tundra Semiconductor for aggregate cash consideration of approximately C$120.8 million.

The Tundra acquisition is expected to strengthen the Integrated Device Technology (IDT) product portfolio of serial switching and bridging using PCI Express, RapidIO and VME interconnect standards. Additionally, the Tundra technology, combined with the IDT mixed signal product portfolio and channel capabilities, is intended to reinforce the IDT leadership in interconnect solutions for the communication, computing and embedded segments.

Ted Tewksbury, president and CEO of IDT, said: "Tundra is a great company, bringing a wealth of technologies and capabilities to IDT that are complementary to our existing product portfolios for RapidIO and PCI Express. We believe that this strategic combination will provide customers with a broader product offering as well as improved service, support and a future roadmap for serial connectivity."

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For full details on Integrated Device Technology I (IDTI) IDTI. Integrated Device Technology I (IDTI) has Short Term PowerRatings at TradingMarkets. Details on Integrated Device Technology I (IDTI) Short Term PowerRatings is available at This Link.
For full details on  (TRSCF) TRSCF.  (TRSCF) has Short Term PowerRatings at TradingMarkets. Details on  (TRSCF) Short Term PowerRatings is available at This Link.

    

    
 

  




 
  

    
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