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Historically IDT manufactured [[MIPS architecture|MIPS]] [[central processing unit|processor]]s developed by [[Quantum Effect Devices|QED]] and also for a while its own [[x86]] processor designed by its [[Centaur Technology]] subsidiary called the IDT [[WinChip]].
Historically IDT manufactured [[MIPS architecture|MIPS]] [[central processing unit|processor]]s developed by [[Quantum Effect Devices|QED]] and also for a while its own [[x86]] processor designed by its [[Centaur Technology]] subsidiary called the IDT [[WinChip]].


==Mergers and Acquisitions==
== Recent activities ==


In 2001, IDT acquired Newave Inc., a Chinese semiconductor firm, to accelerate its investment in the growing Asian semiconductor industry and telecommunications market. Newave became a subsidiary of IDT through a cash-for-stock merger.<ref>http://www.eetimes.com/electronics-news/4041857/IDT-boosts-telecom-prowess-with-Newave-acquisition</ref>
In January, 2010, IDT acquired Mobius Microsystems Inc., a developer of all-silicon oscillator technology. Terms of the deal were not disclosed. Mobius' all-CMOS frequency source is used in the timing market.


In April, 2004, IDT acquired ZettaCom, a serial switching and bridging semiconductor company, for $35 million. This enabled IDT to be one of the few communications IC suppliers to participate in the standards-based Advance Switching initiative spearheaded by Intel.<ref>http://www.edn.com/article/477258-IDT_Acquires_ZettaCom_for_35M.php</ref>
In August, 2009, IDT entered into an agreement to transfer product fabrication processes and related activities currently running in the IDT Hillsboro, Oregon facility to TSMC foundries. The transfer is expected to take up to two years to complete and will cover the lifecycle of all products involved.


IDT made two acquisitions in the year of 2005. In June, IDT acquired Integrated Circuit Systems (ICS) for about $1.7 billion in cash and stock. The acquisition provided a platform for growth within the communications, computing, and consumer market.<ref>http://www.eetimes.com/electronics-news/4053769/IDT-acquires-ICS-for-1-7-billion</ref> In October, IDT acquired [[Freescale Semiconductor|Freescale Semiconductor's]] timing solutions business for $35 million. The transaction was originally initiated by Integrated Circuit System Inc. before it was acquired by IDT earlier that year.<ref>http://www.eetindia.co.in/ART_8800389109_1800009_NT_752c77b8.HTM</ref>
In June, 2009, IDT acquired Tundra Semiconductor for about CDN$120.8 million. The Tundra acquisition is expected to strengthen the IDT product portfolio of serial switching and bridging using PCI Express, Rapid IO and VME interconnect standards.


In July, 2006, IDT acquired the PC Audio division of Austin-based company [[SigmaTel]] for $80 million. This including the design, marketing and manufacturing rights, and software products. IDT planned to maintain the production flow of the existing SigmaTel products as part of the purchase agreement.<ref>http://www.electronicsweekly.com/Articles/2006/08/15/39471/IDT-buys-audio-codec-business-from-SigmaTel.htm</ref>
In June, 2009, IDT acquired the touch sensor technology assets from Leadis Technology. In addition, IDT also acquired the Leadis Technology intellectual property and employee teams necessary to execute on the existing roadmap.


⚫
In October, 2008, IDT purchased the video processing technology and related assets from [[Silicon Optix]], including the Hollywood Quality Video (HQV) brand and the Reon product line. This transaction included members of the Silicon Optix HQV engineering teams to enable continued delivery of video processing solutions.<ref>http://www.businesswire.com/news/home/20081021005526/en/IDT-Acquires-Silicon-Optix-Assets-Technology</ref>
⚫
In April, 2009, IDT sold its network search engine business to NetLogic Microsystems, Inc (NASDAQ: NETL) for approximately $100 million.


⚫
In April, 2009, IDT sold its network search engine business to [[NetLogic Microsystems|NetLogic Microsystems, Inc]] ({{NASDAQ|NETL}}) for approximately $100 million.<ref>http://investors.netlogicmicro.com/phoenix.zhtml?c=178551&p=irol-newsArticle&ID=1283028&highlight=</ref>
⚫
In October, 2008, IDT purchased the video processing technology and related assets from Silicon Optix, including the Hollywood Quality Video (HQV) brand and the Reon product line.


In the month of June, 2009, IDT acquired the touch sensor technology assets and employees of Leadis Technology necessary to execute the existing roadmap.<ref>http://www.bizjournals.com/sanjose/stories/2009/06/08/daily59.html</ref> That same month, IDT acquired Tundra Semiconductor for about CDN $120.8 million to expand IDT’s serial switching bridging products through PCI Express, Rapid IO, and VME interconnect standards.<ref>http://www.edn.com/article/515776-IDT_Completes_Acquisition_of_Tundra_Semiconductor.php</ref>
In February, 2008, IDT announced that Dr. Ted Tewksbury has been named president and chief executive officer of the company. Prior to IDT, Dr. Tewksbury was president and chief operating officer of AMI Semiconductor.


In 2010, IDT made two acquisitions. In January, IDT acquired Mobius Microsystems Inc., a developer of all-silicon oscillator technology. Terms of the deal were not disclosed.<ref>http://www.eetimes.com/electronics-news/4087078/IDT-buys-Mobius-Microsystems</ref> In late April of that year, IDT acquired the assets of IKOR, a former subsidiary of iWatt Corporation that manufactures power module VRM solutions for high-performance computing. The all-cash transaction allowed IDT to produce high-performance power management solutions for enterprise computing.<ref>http://www.businesswire.com/news/home/20100422005459/en/IDT-Acquires-Power-Module-VRM-Assets-IKOR</ref>
In July, 2006 IDT acquired the PC Audio division of Austin-based company [[SigmaTel]] for $80 million.


In September, 2011, IDT and [[Qualcomm|Qualcomm Incorporate]]({{NASDAQ|QCOM}}) announced the signing an agreement to transfer IDT’s Hollywood Quality™ Video (HQV™) and Frame Rate Conversion (FRC) Video Processing product lines and certain related assets to QualComm. As part of the agreement, both companies will be exploring options to include more of IDT’s products in QualComm’s reference designs.<ref>http://www.eetimes.com/electronics-news/4219703/Qualcomm-acquires-IDT-video</ref>
In October, 2005 IDT acquired Freescale Semiconductor's timing solutions business for $35 million.

In June, 2005 IDT acquired Integrated Circuit Systems (ICS) for about $1.5 billion in cash and stock.

In May, 2004, IDT acquired ZettaCom, Inc.

In April, 1999 IDT acquired Quality Semiconductor (QSI), a supplier of clock management and bus switch logic.

According to the ''[[Silicon Valley Business Journal]]'', Integrated Device Technology threatened the State of California that the company would move out-of-state if a ballot was passed on a measure called "[[Proposition 211]]" which was designed to introduce extra corporate oversight prior to the scandals of the late 1990s and early 21st century.<ref>{{cite web |url= http://www.bizjournals.com/sanjose/stories/1996/08/26/story4.html |title='Frivolous' lawsuit initiative draws fire - Silicon Valley / San Jose Business Journal |first= Lorna|last=Fernandez |work=bizjournals.com |year=August 25, 1996 |accessdate=September 15, 2011}}</ref> The proposition was subsequently defeated by 25.6% to 74.4%.<ref>{{cite web |url= http://vote96.sos.ca.gov/Vote96/html/vote/prop/page.961218083528.html |title=CA Secretary of State - Vote96 - Returns - Propositions |first= |last=|work=vote96.sos.ca.gov |year=|accessdate=September 15, 2011}}</ref>


==References==
==References==

Revision as of 18:28, 22 September 2011

Integrated Device Technology
Company typePublic
Nasdaq: IDTI
IndustrySemiconductor industry
Founded1980 (1980)
Headquarters
San Jose, California
,
United States [1]
Key people
Ted Tewksbury
(CEO)
ProductsIntegrated circuits
Number of employees
2200
Websitehttp://www.idt.com/

Integrated Device Technology (IDT) (Nasdaq: IDTI) is a semiconductor manufacturer based in San Jose, California, with approximately 35 research and design centers and sales offices worldwide. The company was founded in 1980 and employs approximately 2,400 people worldwide. IDT has an annual revenue of more than $780 million (in fiscal 2008).

Historically IDT manufactured MIPS processors developed by QED and also for a while its own x86 processor designed by its Centaur Technology subsidiary called the IDT WinChip.

Mergers and Acquisitions

In 2001, IDT acquired Newave Inc., a Chinese semiconductor firm, to accelerate its investment in the growing Asian semiconductor industry and telecommunications market. Newave became a subsidiary of IDT through a cash-for-stock merger.[2]

In April, 2004, IDT acquired ZettaCom, a serial switching and bridging semiconductor company, for $35 million. This enabled IDT to be one of the few communications IC suppliers to participate in the standards-based Advance Switching initiative spearheaded by Intel.[3]

IDT made two acquisitions in the year of 2005. In June, IDT acquired Integrated Circuit Systems (ICS) for about $1.7 billion in cash and stock. The acquisition provided a platform for growth within the communications, computing, and consumer market.[4] In October, IDT acquired Freescale Semiconductor's timing solutions business for $35 million. The transaction was originally initiated by Integrated Circuit System Inc. before it was acquired by IDT earlier that year.[5]

In July, 2006, IDT acquired the PC Audio division of Austin-based company SigmaTel for $80 million. This including the design, marketing and manufacturing rights, and software products. IDT planned to maintain the production flow of the existing SigmaTel products as part of the purchase agreement.[6]

In October, 2008, IDT purchased the video processing technology and related assets from Silicon Optix, including the Hollywood Quality Video (HQV) brand and the Reon product line. This transaction included members of the Silicon Optix HQV engineering teams to enable continued delivery of video processing solutions.[7]

In April, 2009, IDT sold its network search engine business to NetLogic Microsystems, Inc (Nasdaq: NETL) for approximately $100 million.[8]

In the month of June, 2009, IDT acquired the touch sensor technology assets and employees of Leadis Technology necessary to execute the existing roadmap.[9] That same month, IDT acquired Tundra Semiconductor for about CDN $120.8 million to expand IDT’s serial switching bridging products through PCI Express, Rapid IO, and VME interconnect standards.[10]

In 2010, IDT made two acquisitions. In January, IDT acquired Mobius Microsystems Inc., a developer of all-silicon oscillator technology. Terms of the deal were not disclosed.[11] In late April of that year, IDT acquired the assets of IKOR, a former subsidiary of iWatt Corporation that manufactures power module VRM solutions for high-performance computing. The all-cash transaction allowed IDT to produce high-performance power management solutions for enterprise computing.[12]

In September, 2011, IDT and Qualcomm Incorporate(Nasdaq: QCOM) announced the signing an agreement to transfer IDT’s Hollywood Quality™ Video (HQV™) and Frame Rate Conversion (FRC) Video Processing product lines and certain related assets to QualComm. As part of the agreement, both companies will be exploring options to include more of IDT’s products in QualComm’s reference designs.[13]

References

  1. ^ Integrated Device Technology Company Profile. Retrieve 2011-06-24.
  2. ^ http://www.eetimes.com/electronics-news/4041857/IDT-boosts-telecom-prowess-with-Newave-acquisition
  3. ^ http://www.edn.com/article/477258-IDT_Acquires_ZettaCom_for_35M.php
  4. ^ http://www.eetimes.com/electronics-news/4053769/IDT-acquires-ICS-for-1-7-billion
  5. ^ http://www.eetindia.co.in/ART_8800389109_1800009_NT_752c77b8.HTM
  6. ^ http://www.electronicsweekly.com/Articles/2006/08/15/39471/IDT-buys-audio-codec-business-from-SigmaTel.htm
  7. ^ http://www.businesswire.com/news/home/20081021005526/en/IDT-Acquires-Silicon-Optix-Assets-Technology
  8. ^ http://investors.netlogicmicro.com/phoenix.zhtml?c=178551&p=irol-newsArticle&ID=1283028&highlight=
  9. ^ http://www.bizjournals.com/sanjose/stories/2009/06/08/daily59.html
  10. ^ http://www.edn.com/article/515776-IDT_Completes_Acquisition_of_Tundra_Semiconductor.php
  11. ^ http://www.eetimes.com/electronics-news/4087078/IDT-buys-Mobius-Microsystems
  12. ^ http://www.businesswire.com/news/home/20100422005459/en/IDT-Acquires-Power-Module-VRM-Assets-IKOR
  13. ^ http://www.eetimes.com/electronics-news/4219703/Qualcomm-acquires-IDT-video
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