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Intersil buys China power management provider

Posted: 18 Dec 2009 ?? ?Print Version ?Bookmark and Share

Keywords:Intersil Rock acquisition? power management? China market?

Intersil Corp. has signed a definitive agreement to acquire China-based Rock Semiconductor, a privately-held, fabless semiconductor company specializing in highly integrated power management ICs.

Rock provides high-performance analog and mixed-signal ICs for wireless, audio, video and data communications solutions. Rock's products are primarily used in the consumer end market in applications such as cellular phones, personal navigation devices, portable multimedia players and other types of popular consumer electronics products.

"Rock Semiconductor's products are a perfect fit with Intersil's rapidly expanding portfolio of power management, audio and communications ICs," said Dave Bell, CEO, Intersil. "In addition, the acquisition of Rock will immediately give Intersil a greatly expanded presence in the burgeoning local Chinese market."

"We are delighted to join the Intersil team," said Ye Song, general manager, Rock. "Having access to Intersil's global network of engineering, manufacturing and marketing resources will accelerate our time-to-market for new products and enable the combined companies to penetrate new markets even faster."

Rock has design centers in Shanghai and Wuhan, China. "Intersil is committed to expanding its business through both organic growth and strategic acquisitions," said Bell. "Rock's team of highly experienced analog and mixed-signal design engineers will immediately increase our design capability and ability to serve hundreds of Chinese and global customers."





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