M&A Deal Summary

PMC-Sierra Acquires IDTI - Enterprise Flash Controller Business

On July 15, 2013, PMC-Sierra acquired technology hardware company IDTI - Enterprise Flash Controller Business from Integrated Device Technology for 96M USD

Acquisition Highlights
  • This is PMC-Sierra’s 2nd transaction in the Technology Hardware sector.
  • This is PMC-Sierra’s 3rd largest (disclosed) transaction.
  • This is PMC-Sierra’s 5th transaction in the United States.
  • This is PMC-Sierra’s 4th transaction in California.

M&A Deal Summary
Date 2013-07-15
Target IDTI - Enterprise Flash Controller Business
Sector Technology Hardware
Buyer(s) PMC-Sierra
Sellers(s) Integrated Device Technology
Deal Type Add-on Acquisition
Deal Value 96M USD

Target

IDTI - Enterprise Flash Controller Business

California, United States
IDTI's Enterprise Flash Controller Business produces flash controllers, including the world’s first NVM Express (NVMe) flash controller.

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Buyer(S) 1

Buyer

PMC-Sierra

Sunnyvale, California, United States

website

Category Company
Founded 1983
Sector Semiconductors
Employees1,442
Revenue 525M USD (2014)
DESCRIPTION

PMC-Sierra, Inc. is an Internet infrastructure semiconductor solution provider, offering its customers technical and sales support worldwide through a network of offices in North America, Europe, Israel and Asia. PMC-Sierra provides semiconductor solutions for Enterprise Storage, Wide Area Network Infrastructure, Fiber To The Home, and Laser Printer markets.

DEAL STATS #
Overall 5 of 5
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (California) 4 of 4
Country (United States) 5 of 5
Year (2013) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-21 Wintegra

Austin, Texas, United States

Wintegra is a provider of highly integrated network processors optimized for mobile backhaul, 3G and 4G wireless and wireline broadband networks.

Buy $213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Microsemi Corp - Wireless Access Assets

United States

Microsemi Corp - Wireless Access Assets includes wideband RF transceivers and synthesizers for 3G, 4G, and future 5G cellular base station and remote radio head (RRH) unit platforms.

Sell -

Seller(S) 1

SELLER

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 3 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 4
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-07 IDTI - Smart Metering IC Product Lines

United States

Smart Metering IC Product Lines of Integrated Device Technology, Inc. includes IDT’s Metrology Analog Front End (AFE) and System-On-Chip (SoC) devices for single- and poly-phase energy meters.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Zentrum Mikroelektronik Dresden AG

Dresden, Germany

Zentrum Mikroelektronik Dresden AG (ZMDI) is a provider of sensing and digital power semiconductor solutions for automotive, industrial, medical, mobile sensing, information technology and consumer applications.

Buy $307M
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