Diodes is buying analogue semiconductor company Pericom for $400million in a move which strengthens the former’s analogue and mixed signal connectivity portfolio.Diodes is buying analogue semiconductor company Pericom for $400million in a move which strengthens the former’s analogue and mixed signal connectivity portfolio.
Dr Keh-Shew Lu, Diodes’ president and chief executive officer, said the deal will accelerate the company’s goal of hitting a $1billion annual revenue run rate. “This transaction broadens Diodes’ analogue footprint and adds a strong mixed signal connectivity offering that will drive expanded product content in target market applications. Also, Pericom’s extensive timing product lines complement Diodes’ standard product portfolio and broadens our analogue footprint.”
Alex Hui, Pericom’s president and chief executive officer, added: “Diodes’ size and scale provides an excellent platform for our products to gain access to a broader customer base and drive a higher level of growth than Pericom would be able to achieve as a standalone company.”
Author
Graham Pitcher
Source: www.newelectronics.co.uk