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ISSI to acquire ICSI in Taiwan

Posted: 28 Jan 2005 ?? ?Print Version ?Bookmark and Share

Keywords:non-memory? integrated circuit solution? wireless chipsets? smartcards? mp3?

Integrated Silicon Solution Inc. (ISSI) has reached an agreement to acquire Integrated Circuit Solution Inc. (ICSI) in Taiwan. Currently, ISSI owns 29 percent of ICSI and ISSI's CEO serves on the ICSI board of directors.

The acquisition is anticipated to accelerate ISSI's non-memory product line offerings, which can mitigate some of the spikes in the company's memory business. Both ISSI and ICSI have been investing in non-memory products. ISSI's focus is wireless chipsets and smartcards, while ICSI's concentration is on card controller and MP3 player products.

"Combining forces for strategic product development and operating efficiencies makes a lot of sense for ISSI and ICSI," said Jimmy Lee, ISSI's chairman and CEO. "ISSI's addressed markets are substantial and we believe our opportunity to serve them will be improved by this merger," Lee added.

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