National Semiconductor signed a definitive agreement Friday to acquire
ComCore Semiconductor, a privately held, 40-person company that designs and manufactures integrated circuits for computer
networking and broadband communications.
The acquisition will be a cash purchase of about $122 million, including expenses. Of that, an estimated $85 million to
$95 million will go for in-process R&D at the close of the transaction, which is expected by the
end of the current quarter, ending May 31.
ComCore, in Calabasas, Calif., uses powerful mathematical techniques combined with advanced digital signal
processing (DSP) and customized design methodologies to create high-performance communications solutions.
Robert Penn, senior vice president and general manager of National's Communications and Consumer Group, said
the acquisition will add advanced design and technology capabilities to National's existing analog, mixed-signal, and
"Networking and communications products are evolving rapidly," Penn said. "This acquisition will enable us to
maintain a technology edge in today's market and extend our ability to integrate more functionality in the higher-performance, small-geometry processes for next-generation products."
The company said it believes the marriage of its mixed-signal expertise with ComCore's advanced algorithm capabilities
will position Santa Clara, Calif.-based National as a world leader in the application of advanced DSP technology to communications. The
combined expertise of the two companies is unique aid will allow true system on-a-chip applications in many
John Guidon, president of ComCore, said the new technology "comes with the outstanding benefits of low-cost, high-
performance, and ready integration with other functions. The trick is to use truly innovative mathematics to get the
best possible performance from the fewest calculations," Guidon said.