SAN FRANCISCO—Microsemi Corp. said Tuesday (Nov. 2) it completed the acquisition of programmable logic supplier Actel Corp
Microsemi (Irvine, Calif.) said it wrapped up the successful tender offer by getting 23.1 million shares—approximately 87.9 percent of Actel's outstanding shares—tendered by midnight Monday.
The Actel acquisition is being done through Artful Acquisition Corp., a wholly owned subsidiary of Microsemi. The subsidiary will exercise a “top-up” option own sufficient Actel common stock to effect a "short-form" merger under California law, Microsemi said.
Actel wil become a wholly owned subsidiary of Microsemi without the need for a meeting of Actel shareholders, Microsemi said.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.