TELECOMWORLDWIRE-July six, 2011-ASIC Gain Inc acquired by Microsemi(C)1994-2011 M2 COMMUNICATIONS http://www.m2.com
Semiconductor alternatives provider Microsemi Corporation (Nasdaq:MSCC) has acquired privately-held ASIC Edge Inc for an undisclosed sum, the corporation announced now.
ASIC Benefit is a fabless semiconductor firm that models and manufactures high-efficiency, higher-voltage and radiation-hardened mixed-signal integrated circuit (IC) answers for the aerospace, automotive, communications, industrial and health-related markets. Its solutions are mentioned to be complementary to Microsemi's, permitting the mixed organization to broaden its reach and furnish prospects with a wider assortment of solutions from a single resource.
Microsemi president and chief executive officer James J. Peterson commented: "ASIC Edge provides an total portfolio of worth-additional IC designs targeting several core expansion markets at Microsemi. Despite the fact that comparatively small, this important acquisition offers solid synergy options, enriches our blend and accelerates our progress opportunity."
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