M&A Deal Summary

Integrated Device Technology Acquires Integrated Circuit Systems

On June 15, 2005, Integrated Device Technology acquired semiconductors company Integrated Circuit Systems for 1.7B USD

Acquisition Highlights
  • This is Integrated Device Technology’s 5th transaction in the Semiconductors sector.
  • This is Integrated Device Technology’s largest (disclosed) transaction.
  • This is Integrated Device Technology’s 4th transaction in the United States.
  • This is Integrated Device Technology’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2005-06-15
Target Integrated Circuit Systems
Sector Semiconductors
Buyer(s) Integrated Device Technology
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Lehman Brothers, Inc.
Piper Jaffray Companies (Financial)
Kirkland & Ellis (Legal)

Target

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.

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Buyer(S) 1

Buyer

Integrated Device Technology

San Jose, California, United States
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 5 of 16
Sector (Semiconductors) 5 of 13
Type (Add-on Acquisition) 5 of 12
State (Pennsylvania) 1 of 1
Country (United States) 4 of 13
Year (2005) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-07 ZettaCom

Santa Clara, California, United States

ZettaCom, Inc., is a fabless semiconductor company that provides configurable silicon solutions for high-speed, carrier-class networking equipment. ZettaCom's two key product families, switch fabric chips and advanced traffic management chips, allow network system OEMs or switch vendors to design and build out high-performance, next generation switching platforms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-26 Freescale Semiconductor - Timing Solutions Business

United States

Timing Solutions Business a preferred timing solutions provider.

Buy $35M
Mergr

Product

Company

Legal