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
- ReRAM NVM in DB HiTek 130nm BCD
- UFS 5.0 Host Controller IP
- PDM Receiver/PDM-to-PCM Converter
- Voltage and Temperature Sensor with integrated ADC - GlobalFoundries® 22FDX®
- 8MHz / 40MHz Pierce Oscillator - X-FAB XT018-0.18µm
Related News
- NetLogic Microsystems Enables Significantly Richer LTE and IPTV Network Services with the World's First Knowledge-based Processor with High-Speed Serial Interface
- Trident Microsystems and NXP Complete Transaction to Combine Set-Top Box and Television Systems Business Lines
- Cyclic Design Licenses G14 BCH ECC IP to Trident Microsystems
- NetLogic Microsystems and TSMC Collaborate on 28nm Process Technology
Latest News
- Socionext Collaborates with Arm to Advance AI Data Center Infrastructure with Arm Total Design
- EDGEAI to Revolutionize Smart Metering with BrainChip Akida 2 License
- IC Manage Advances GDP-XL to GDP-AI — Boosting Designer Efficiency and Accelerating Workflows
- Safe and Secure Technologies, the new BSC and UPC spin-off that will design chips for critical sectors where “failure is not an option”
- CHERI-Mocha memory-safe compute subsystem is now open