M&A Deal Summary

Microchip Acquires Neuronix AI Labs

On April 15, 2024, Microchip acquired information technology company Neuronix AI Labs

Acquisition Highlights
  • This is Microchip’s 1st transaction in the Information Technology sector.
  • This is Microchip’s 10th transaction in the United States.
  • This is Microchip’s 7th transaction in California.

M&A Deal Summary
Date 2024-04-15
Target Neuronix AI Labs
Sector Information Technology
Buyer(s) Microchip
Deal Type Add-on Acquisition

Target

Neuronix AI Labs

Sunnyvale, California, United States
website
Neuronix AI Labs provides neural network sparsity optimization technology that enables a reduction in power, size, and calculations for tasks such as image classification, object detection, and semantic segmentation while maintaining high accuracy. Neuronix AI Labs is based in Sunnyvale, California.

Search 192,860 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Microchip

Chandler, Arizona, United States

website

Category Company
Founded 1989
Sector Semiconductors
Employees21,000
Revenue 6.8B USD (2022)
DESCRIPTION
Entrance to Microchip's corporate headquarters in Chandler, Arizona.
Entrance to Microchip's corporate headquarters in Chandler, Arizona.

Microchip develops, manufactures and sells specialized semiconductor products used by customers for a wide variety of embedded control applications. Microchip's product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a broad spectrum of high-performance linear, mixed-signal, power management, thermal management, RF, safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial SRAM memories. The Company also licenses Flash-IP solutions that are incorporated in a broad range of products. Microchip was founded in 1989 and is based in Chandler, Arizona.

DEAL STATS #
Overall 13 of 13
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (California) 7 of 7
Country (United States) 10 of 10
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 VSI

Seoul, South Korea

VSI is a fabless semiconductor company specializing in the design and development of high-speed link technology and is focused on developing products of essential use in autonomous vehicles. VSI is based in Seoul, South Korea.

Buy -
Mergr

Product

Company

Legal