IDT Acquires Mobius Microsystems
Transaction Expands Available IDT Timing Market by $700 Million
SAN JOSE, Calif.-- January 14, 2010 --IDT® (Integrated Device Technology, Inc.)(NASDAQ: IDTI - News), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced it has acquired Mobius Microsystems, the leader in precision all-silicon oscillator technology . The transaction, which closed today, January 14, 2010, is an all-cash agreement for the outstanding Mobius shares. The agreement has already received appropriate board approvals.
“Mobius Microsystems’ innovative technology extends IDT’s clock leadership into high accuracy, crystal oscillator replacements, thereby doubling our served available market,” said Dr. Ted Tewksbury, president and CEO at IDT. “Mobius’ patented all-silicon timing technology provides IDT with power, size, and time-to-market advantages over competitive offerings. IDT plans to quickly bring products to market using our existing worldwide sales and distribution channels. We expect customers to rapidly adopt this technology across multiple applications and segments, beginning with consumer and migrating to the computing and communications markets.”
Mobius specialized in innovative analog and mixed signal timing solutions. The company’s all-CMOS frequency source is a significant technical breakthrough for the timing market. Mobius’ all-silicon oscillator enables designers to create accurate, higher frequency, thinner and mechanically robust products.
About IDT
With the goal of continuously improving the digital media experience, IDT integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that solve customer problems. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT is accessible at www.IDT.com.
Related Semiconductor IP
- LPDDR6/5X/5 PHY V2 - Intel 18A-P
- MIPI SoundWire I3S Peripheral IP
- LPDDR6/5X/5 Controller IP
- Post-Quantum ML-KEM IP Core
- MIPI SoundWire I3S Manager IP
Related News
- All-silicon Copernicus Clock generates 528MHz clock signal with no external components
- Mobius Microsystems Raises $10.22 Million in Series B Financing
- Mobius Microsystems Introduces the All-silicon Copernicus Clock
- Falanx Microsystems Announces Video-Optimized IP Cores for Handheld Semiconductor Design
Latest News
- Cadence Completes Acquisition of Secure-IC
- NXP Completes Acquisitions of Aviva Links and Kinara to Advance Automotive Connectivity and AI at the Intelligent Edge
- RISC-V Summit spurs new round of automotive support
- xMEMS Raises $21M Series D to Accelerate Commercial Scale of Breakthrough piezoMEMS Technologies for AI-Enabled Consumer Devices
- PQShield and Carahsoft Partner to Make Powerful Post-Quantum Cryptography Solutions Available to Government Agencies