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Leadis acquires Acutechnology Semiconductor

Posted: 17 Jan 2008 ?? ?Print Version ?Bookmark and Share

Keywords:analog semiconductor company? acquisition? power management?

Leadis Technology Inc. has acquired for $5 million Acutechnology Semiconductor Inc., a privately held analog semiconductor company specializing in power management technologies for industrial and consumer markets.

The Acutechnology acquisition, completed in late December, is said to enhance Leadis' current analog product portfolio, adding approximately 20 products, patent protected intellectual property and analog product development team.

"The addition of Acutechnology will accelerate our growth in LED driver ICs and provide us a path to greater integration by adding power management functions to both our LED driver and audio product portfolios," said Tony Alvarez, president and CEO of Leadis. "This acquisition supports our strategy to reposition Leadis away from commodity display drivers and into high-value analog and mixed-signal products for 'Sight, Sound, and Touch' in the portable space."

The Acutechnology team will join Leadis immediately. Paolo Menegoli, CEO of Acutechnology, will lead Leadis' power management product team.

"We are very pleased to join Leadis," said Menegoli. "Leadis provides us immediate access to a wide sales channel, offering us the opportunity to sell our existing products to a much broader customer base. Additionally, we will seek to leverage Leadis' relationships with top-tier customers in the mobile space."




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