NEW YORK—Chip vendor Microsemi Corp. said Wednesday (July 6) it acquired privately-held mixed-signal IC vendor ASIC Advantage Inc. Terms of the acquisition were not disclosed.
ASIC Advantage (Sunnyvale, Calif.) is a fabless semiconductor company that designs and manufactures high-performance, high-voltage and radiation-hardened mixed-signal ICs for the aerospace, automotive, communications, industrial and medical markets.
Microsemi (Irvine, Calif.) said ASIC Advantage's products are complementary to Microsemi's offerings. The combined portfolio allows Microsemi to expand its reach into key markets and provide customers with a wider range of products from a single source, Microsemi said.
"I am excited by this acquisition, which further solidifies our ability to serve industries demanding the highest standards of performance," said James Peterson, Microsemi president and CEO, in a statement.
"ASIC Advantage brings an entire portfolio of value-added IC designs targeting multiple core growth markets at Microsemi," Peterson said. "While relatively small, this important acquisition offers strong synergy opportunities, enriches our mix and accelerates our growth potential."
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