Acquisition brings DSP expertise onboard

AMI Semiconductor has completed its acquisition of substantially all of the assets and certain liabilities of Dspfactory for approximately $25.9 million in cash and 1,314,000 shares of common stock.

AMI Semiconductor has completed its acquisition of substantially all of the assets and certain liabilities of Dspfactory, a leading provider of ultra-low-power DSP technology, for approximately $25.9 million in cash and 1,314,000 shares of common stock.

Up to an additional $8.5 million in common stock may be paid, depending on meeting certain revenue milestones in either 2005 or 2006.

Through the acquisition, AMI Semiconductor has further strengthened its ability to design, manufacture and deliver ultra-low-power DSP solutions for the global medical and industrial markets.

As a result of the acquisition, AMIS now has access to Dspfactory's proprietary DSP-based mixed-signal platforms.

These platforms will allow AMIS to provide increased DSP functionality in applications such as advanced digital hearing aids, implantable and diagnostic applications in the medical market.

In addition to the technology, AMIS has acquired Dspfactory's facilities and operations in Waterloo, Ontario, Canada, and the company's design center in Marin, Switzerland.

"This acquisition is in line with our strategic focus on the global industrial and medical sectors, and further strengthens our ability to develop the low power hardware and the DSP algorithms that these sectors increasingly demand", said Christine King, President and CEO of AMI Semiconductor.

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