IDT Completes Acquisition of ZMDI

Accelerates Analog Mixed Signal Industry Leadership and moves IDT into High Growth Smart Automotive Components

DRESDEN, Germany, Dec. 7, 2015 — (PRNewswire) — Integrated Device Technology, Inc.® ( IDT®) (NASDAQ: IDTI) today completed the acquisition of privately held ZMDI (Zentrum Mikroelektronik Dresden AG) for $307 million. Announced six weeks ago, the acquisition brings to IDT a highly regarded automotive and industrial business, as well as high-performance programmable power devices and signal conditioning solutions.

IDT Completes Acquisition of ZMDI

"IDT has gained an extraordinarily talented team and intellectual property that will help fuel our growth as we continue to outpace the semiconductor industry at large," said IDT President and CEO Greg Waters. "In addition to increasing our technology portfolio, we gain a very complementary customer base that significantly extends our future ability to provide integrated system-level semiconductor solutions." 

ZMDI's strength in the automotive and industrial segments provides IDT immediate design-in leverage for wireless charging, power management, and timing and signal conditioning. ZMDI's high-power programmable power devices complement IDT's existing low- and medium-power devices, creating a new industry franchise for high-performance, scalable power management solutions ideal for everything from solid state drives to data centers and 4G/5G base stations.

About IDT

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers' applications. IDT's market-leading products in timing, serial switching and interfaces are among the company's broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol "IDTI." Additional information about IDT is accessible at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, YouTube and Google+.

(C) 2015, IDT. IDT and the IDT logo are trademarks or registered trademarks of Integrated Device Technology, Inc. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

IDT Press Contact:
Dean Solov
Public Relations Manager
Phone: (408) 284-2608
E-mail: Email Contact

IDT Logo

Photo - http://photos.prnewswire.com/prnh/20151207/293746 
Logo - http://photos.prnewswire.com/prnh/20151102/283025LOGO  

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/idt-completes-acquisition-of-zmdi-300189052.html

SOURCE Integrated Device Technology, Inc.

Contact:
Integrated Device Technology, Inc.
Web: http://www.IDT.com




Review Article Be the first to review this article

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
H-1B Visa: de Geus’ tragedy looms large
Peggy AycinenaIP Showcase
by Peggy Aycinena
IP for Cars: Lawsuits are like Sandstorms
More Editorial  
Jobs
Staff Software Engineer - (170059) for brocade at San Jose, CA
ASIC/FPGA Design Engineer for Palo Alto Networks at Santa Clara, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Mechanical Designer/Engineer for Palo Alto Networks at Santa Clara, CA
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
Upcoming Events
EDI CON China 2017! at Shanghai Convention & Exhibition Center of International Sourcing (SHCEC) No.2739 West Guangfu Road Putuo District, Shanghai (200062) China - Apr 25 - 27, 2017
2017 SEMICON Southeast Asia at SPICE Arena Penang Malaysia - Apr 25 - 27, 2017
2017 IoT Developers Conference at Santa Clara Convention Center California - Apr 26 - 27, 2017
Embedded Systems Conference ESC Boston 2017 at Boston Convention & Exhibition Center Boston MA - May 3 - 4, 2017
DAC2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy