M&A Deal Summary

Integrated Device Technology Acquires Freescale Semiconductor - Timing Solutions Business

On September 26, 2005, Integrated Device Technology acquired technology hardware company Freescale Semiconductor - Timing Solutions Business from FreeScale Semiconductor for 35M USD

Acquisition Highlights
  • This is Integrated Device Technology’s 1st transaction in the Technology Hardware sector.
  • This is Integrated Device Technology’s 7th largest (disclosed) transaction.
  • This is Integrated Device Technology’s 5th transaction in the United States.

M&A Deal Summary

Date 2005-09-26
Target Freescale Semiconductor - Timing Solutions Business
Sector Technology Hardware
Buyer(s) Integrated Device Technology
Sellers(s) FreeScale Semiconductor
Deal Type Divestiture
Deal Value 35M USD

Target

Freescale Semiconductor - Timing Solutions Business

United States
Timing Solutions Business a preferred timing solutions provider.

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Buyer(S) 1

Buyer

Integrated Device Technology

San Jose, California, United States

website


Category Company
Founded 1980
Sector Semiconductors
Employees1,821
Revenue 843M USD (2018)
DESCRIPTION
Entrance to Integrated Device Technology's corporate headquarters in San Jose, California.
Entrance to Integrated Device Technology's corporate headquarters in San Jose, California.

Integrated Device Technology, Inc. is a provider of semiconductor solutions for advanced network services. IDT serves communications equipment vendors by applying its hardware, software and memory technologies to create flexible, highly integrated products that enhance the functionality and processing of network equipment. Integrated Device Technology, Inc. was formed in 1980 and is based in San Jose, California.


DEAL STATS #
Overall 6 of 16
Sector (Technology Hardware) 1 of 2
Type (Divestiture) 1 of 4
Country (United States) 5 of 13
Year (2005) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-15 Integrated Circuit Systems

Norristown, Pennsylvania, United States

Integrated Circuit Systems, Inc. is a provider in the design of integrated circuit products. ICS specializes in the design of frequency timing generators ('FTGs'). FTGs are used primarily by personal computer motherboard manufacturers to generate timing signals and to synchronize frequencies. This investment has been exited through the public markets.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-25 SigmaTel - PC and Notebook Audio Product Lines

United States

SigmaTel AC-97 and High Definition Audio (HD-Audio) PC and Notebook audio codec products.

Buy $72M

Seller(S) 1

SELLER

FreeScale Semiconductor

Austin, Texas, United States

website


Category Company
Founded 2004
Sector Semiconductors
Employees18,500
Revenue 4.2B USD (2013)
DESCRIPTION

Freescale Semiconductor, Inc. is a designer and manufacturer of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. FreeScale designs, researches and development, manufacturing or sales operations in more than 30 countries.


DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-16 Freescale Semiconductor - Virtual Garage

Austin, Texas, United States

Virtual Garage is a software suite that addresses two important topics within the design and management of automotive electrical and electronic systems: the trade-off between value-of-variety and cost-of-complexity caused by optional electronic content; and provision of vehicle-specific design data, such as dynamic electrical schematics, on demand to service networks.

Sell -