|This Slide: #73 of 100|
Slide #73. Microchip Technology Subsidiary SST — Novocell Semiconductor
Microchip Technology Subsidiary SST (NASDAQ:MCHP)
Microchip Technology Inc. (NASDAQ:MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, through its Silicon Storage Technology (SST) subsidiary, and Novocell Semiconductor, Inc. (Novocell) today announced that Microchip and SST have signed a definitive agreement to acquire Novocell. The acquisition was approved by the Boards of Directors of each company and is being announced today at the 2013 Design Automation Conference (DAC) in Austin, Texas. The terms of the deal are confidential. The transaction is expected to close in early June 2013 and is expected to be immediately accretive on a non-GAAP basis.
Microchip Technology develops, manufactures and sells smart, connected and secure embedded control solutions. Co.'s products include: Microcontrollers, which targets the eight-bit, 16-bit, and 32-bit microcontroller and 32-bit embedded microprocessor markets; Analog, which consists of power management, thermal management, and discrete diodes and MOSFETS; Other, which includes Field-programmable gate array products, royalties associated with licenses for the use of its SuperFlash and other technologies; and Microcontroller Development Tools, which provides tools that enable system designers to program its microcontroller and microprocessor products for specific applications.
MicroChip Technology SEC Filing Email Alerts Service
Open the MCHP Page at The Online Investor »
Buy (3.47 out of 4)