Product category:
Standard Logic Devices
News Release from: IDT
Edited by the Electronicstalk Editorial
Team on 04 October 2005
IDT acquires Freescale timing solutions
Integrated Device Technology has exercised an option to purchase the Freescale Semiconductor timing solutions business for $35 million.
Integrated Device Technology has exercised an option to purchase the Freescale Semiconductor timing solutions business for $35 million This transaction was initiated by Integrated Circuit Systems (ICS) prior to the close of its merger with IDT, and follows a 10-year cross-licensing agreement between ICS and Freescale, also conducted before the close of its merger with IDT
This article was originally published on Electronicstalk on 12 Apr 2001 at 8.00am (UK)
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This acquisition will allow IDT to expand its broad portfolio of leading, silicon-based communications timing solutions and enhance its expertise in this area.
Based on the terms of the transaction, IDT will acquire Freescale's timing solutions assets and serve as Freescale's preferred timing solutions provider.
IDT and Freescale also entered into a long-term foundry agreement for the acquired products, designed to help ensure a seamless transition and enable IDT to satisfy existing and future product-delivery commitments.
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The Freescale timing solutions team will be integrated with the IDT Tempe, Arizona-based product team.
The acquired portfolio of innovative, high-performance clocking solutions is targeted at the networking, server, storage and memory clocking markets.
These products include clocks for communications processor-based systems, clock synthesisers for servers, and industry-standard clock products for a wide range of cost-sensitive, high-volume applications.
The programmability and versatility of these devices has given Freescale broad market acceptance, especially in the high-performance computer and network markets.
"Adding the Freescale timing products to our portfolio of communications devices further strengthens our comprehensive family of silicon-timing solutions", said Greg Lang, President and CEO, IDT.
"The Freescale timing solutions products have received strong customer acceptance, and are optimised for the Freescale processors, which are an integral part of many leading communication designs".
"This transaction, in addition to our recent merger with ICS, enables IDT to further demonstrate its leadership position in the silicon-based communications market segment".
"Freescale has a broad, well-established product portfolio and a long, successful history in the timing solutions market", said David Perkins, Senior Vice President and General Manager of Freescale's Networking and Computing Systems Group.
"This deal with IDT is designed to enable our customers to have seamless, uninterrupted access to the advanced timing solutions developed by Freescale".
"It also enables Freescale to continue focusing on core businesses that leverage our strengths in embedded processing, SoC platforms and RF technology".
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