Semtech Completes Divestiture of Its Snowbush IP Business
CAMARILLO, Calif. -- Aug. 08, 2016 -- Semtech Corporation (Nasdaq:SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced it completed the previously announced divestiture of its Snowbush IP business (previously part of the Company's Systems Innovation Group) to Rambus Inc. (Nasdaq:RMBS) on August 5, 2016.
The final total purchase price was approximately $32.0 million in cash, plus the opportunity to receive additional payments from Rambus through 2022 based upon a percentage of sales by Rambus of new products expected to be developed by Rambus from the disposed assets. Semtech will recognize a gain on the disposition of this business in the third quarter of fiscal 2017. Other than this gain, the divestiture will not have a material impact on the Company's consolidated financial statements.
About Semtech
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, enterprise computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit http://www.semtech.com.
Related Semiconductor IP
- JPEG XL Encoder
- LPDDR6/5X/5 PHY V2 - Intel 18A-P
- ML-KEM Key Encapsulation & ML-DSA Digital Signature Engine
- MIPI SoundWire I3S Peripheral IP
- ML-DSA Digital Signature Engine
Related News
- SNOWBUSH microelectronics Announces 10-Bit, 140 MSPS, ADC IP Core in Foundry Standard 0.18 um CMOS Process
- SNOWBUSH establishes Physical Design Center in Mexico to offer expert, cost-effective analog layout
- SNOWBUSH announces PCI Express, SATA, SAS and Fibre Channel PHY and SerDes macros in 65nm, 80nm, 90nm and 130nm
- SNOWBUSH microelectronics announces availability of silicon verified, 80nm, Line-Lock PLL IP Block
Latest News
- Are Synopsys Layoffs a Harbinger of the AI-Assisted Design Era?
- EnSilica to develop quantum-resilient secure processor chip for critical national infrastructure applications backed by £5m UK Government ‘Contract for Innovation’
- CAST Introduces JPEG XL Encoder IP Core for High- Quality, On-Camera Still-Image Compression
- PGC Strengthens Cloud and AI ASIC Acceleration with Synopsys’ Next-Generation Interface and Memory IP on Advanced Nodes
- IntelPro Licenses Ceva Wi-Fi 6 and Bluetooth 5 IPs to Launch AIoT Matter-Ready SoCs