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Intersil acquires Zilker Labs

Posted: 23 Dec 2008 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition Intersil Zilker? digital IC power? merger?

Intersil Corp. has signed a definitive agreement to acquire Zilker Labs Inc., a privately held, fabless semiconductor company focusing on high efficiency digital power ICs.

Zilker Labs' patented Digital-DC technology is a mixed-signal power conversion and management architecture that combines an efficient digital loop synchronous switching regulator, adaptive MOSFET drivers and a digital control interface into one IC. This approach provides superior efficiency, flexibility and scalability while decreasing required board space and design complexity through the reduction of discrete components.

"The Digital-DC products from Zilker Labs immediately establish Intersil as a technology leader in digital power management solutions for the communications, data processing, industrial and energy management markets," said Dave Bell, Intersil's CEO.

"We are very pleased to join the Intersil team," said Bob Bridge, Zilker Labs' president and CEO.

This acquisition is the third announced by Intersil over the past five months. "Despite the challenging economic environment, Intersil remains committed to investing in key strategic acquisitions that broaden our product portfolio and improve our market position," said Bell. "We believe the acquisition of Zilker Labs, along with the previously announced D2Audio and Kenet acquisitions, positions Intersil for strong growth."

The boards of directors of both companies have approved the merger. The acquisition, which adds approximately $1.5 million of additional operating expenses per quarter, is expected to become accretive by 2010. Intersil may record a one-time charge to operating income for purchased in-process research and development expenses when the closing occurs. The amount of that charge, if any, has not yet been determined.





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