M&A Deal Summary

Integrated Device Technology Acquires Tundra Semiconductor

On June 29, 2009, Integrated Device Technology acquired semiconductors company Tundra Semiconductor for 121M CAD

Acquisition Highlights
  • This is Integrated Device Technology’s 7th transaction in the Semiconductors sector.
  • This is Integrated Device Technology’s 3rd largest (disclosed) transaction.
  • This is Integrated Device Technology’s 2nd transaction in Canada.
  • This is Integrated Device Technology’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2009-06-29
Target Tundra Semiconductor
Sector Semiconductors
Buyer(s) Integrated Device Technology
Deal Type Add-on Acquisition
Deal Value 121M CAD
Advisor(s) Citigroup Investment Banking (Financial)
Osler (Legal)

Target

Tundra Semiconductor

Ottawa, Ontario, Canada
Tundra Semiconductor Corp., communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support.

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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 10 of 16
Sector (Semiconductors) 7 of 13
Type (Add-on Acquisition) 7 of 12
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2009) 2 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-11 Leadis - Touch Sensor Technology

United States

Touch Sensor Technology provides Sight, Sound and Touch technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-17 IDT - Network Search Engine Assets

United States

Network Search Engine Assets includes search accelerator, network search engine and route accelerator product families and related patents and intellectual property.

Sell $90M
Mergr

Product

Company

Legal