SAN JOSE, Calif. -- Intersil Corp. has signed a definitive agreement to acquire Kenet Inc., a supplier of low-power data converters, for an undisclosed price.
The deal expands Intersil's offerings. Kenet's so-called FemtoCharge CMOS technology enables ultra-low power analog-to-digital converters in a small die area.
With $17 million in venture funding in its pocket, Kenet in 2004 moved to attack the market with technology based on research at MIT's Lincoln Labs.
"Intersil remains committed to key strategic acquisitions to broaden our product portfolio," said Dave Bell, Intersil's CEO, in a statement. "Kenet has developed the world's highest performance analog-to-digital converters with power consumption at a fraction of those currently on the market. This gives Intersil important technology leadership and access to many previously un-served markets."
The acquisition adds an additional $2 million of operating expenses per quarter, and is expected to become accretive in 2010. Intersil may record a one-time charge to operating income for purchased in-process research and development expenses when the closing occurs.
Recently, analog-chip maker Intersil signed a definitive agreement to acquire D2Audio Corp., a supplier of digital audio power amplifiers.
Last year, Intersil signed a definitive agreement to acquire Planet ATE Inc., a privately-held, fabless semiconductor supplier to the automated test equipment (ATE) market.