OSLO, Norway 17 Feb. 2007. Nordic Semiconductor ASA in Oslo, Norway, and Chipidea in Lisbon, Portugal have agreed for Chipidea to acquire the assets of Nordic Semiconductor's data converter IP business unit for $6 million in cash.
The agreement is subject to a period of limited due diligence and approvals from both companies' boards of directors. The transaction is expected to be closed by the end of this month.
The acquisition of this business further strengthens Chipidea's position in data converter market and adds a catalog of IP to the company's analog and mixed-signal portfolio.
The data converter business unit of Nordic Semiconductor specializes in data conversion IP products for in-house projects, third-party ASIC designs, and standard products. The designs are analog-to-digital converters and digital-to-analog converters for use in digital photography, wireless networks, and video.
The sale of Nordic's data converter business unit will further strengthen Nordic Semiconductor's focus on radio frequency (RF) components for the wireless personal area network, primarily in the 2.4 GHz frequency band including both proprietary and Wibree radios.
"Chipidea offers one of the most popular lines of data converters in the industry and we believe that our IP, architecture and technology roadmaps are highly complementary with the data converter business of Nordic Semiconductor," says José Franca, president and chief executive officer of Chipidea. "The combination of these two businesses will allow Chipidea to significantly increase market share and strengthens our leadership position."
For more information contact Chipidea online at www.chipidea.com, or Nordic Semiconductor at www.wibree.nordicsemi.no.
