SANTA CLARA, Calif.--In a move to expand its chip design capabilities for battery-powered applications, National Semiconductor Corp. today announced it has acquired Fincitec Oy of Finland and ARSmikro OU in Estonia in transactions valued at a total of $15 million.
Fincitec, based in the city of Kemi, was founded in 1986. Launched in 1997, ARSmikro in Tallinn provides analog design services for Fincitec, which specializes in ultra-low voltage and low-power ICs.
In addition to adding design expertise, the acquisitions will expand National Semiconductor's presence in the European region by adding a total of 55 employees from the two companies, said the Santa Clara-based chip company.
"The addition of Fincitec and ARSmikro's engineering expertise will enhance our ability to offer a more complete energy management capability to manufacturers of portable devices," said Peter Henry, director of portable power systems at National.
National said Fincitec specializes in ultra-low voltage/low-power mixed-signal, logic and system-on-chip ASIC solutions, especially devices suited for handheld battery-powered applications. Fincitec's design and test capabilities provide a complete solution from specification-to-mass production in CMOS, BiCMOS and bipolar technologies, according to National.
The transaction "significantly strengthens the semiconductor industry in Finland," said Paavo Takalo, president of Fincitec who is also chairman of ARSmikro.