IDT (San Jose, California) will acquire privately held ZMDI (Zentrum Mikroelektronik Dresden AG) for $310M in cash. IDT says it gains, “A highly regarded automotive and industrial business, and extends [its] technology leadership in high performance programmable power devices and in timing and signal conditioning.”
With this move, IDT says it immediately gains an expanded presence in new designs in Wireless Charging, Power Management, and Timing & Signal Conditioning.
“This move accelerates progress to our $800M annual revenue goal within our industry benchmark financial performance by over a year,” said Gregory Waters, IDT President & CEO. “IDT’s strategy is unchanged, but our product and technology position is significantly expanded. Our target market segments of Consumer, Communications, and High Performance Computing all benefit from additional product, revenue, and customer relationships that bolster our commitment to outgrow the semiconductor market by at least a factor of two.”
IDT extends its line of programmable power devices, with new high-power products addressing Communications Infrastructure and Data Centre applications. This creates (the company adds) a high performance, scalable power management solutions that cover applications ranging from Wireless Charging to Solid State Drives to Data Centres & 4G/5G basestations.
Next: From Dresden to California