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Product category: Microprocessors, Microcontrollers and DSPs
News Release from: IDT
Edited by the Electronicstalk Editorial Team on 06 April 2001

IDT looks east to Newave Semiconductor
acquisition

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IDT is to acquire Newave Semiconductor Corp, a telecommunications IC provider.

IDT is to acquire Newave Semiconductor Corp, a telecommunications IC provider Newave's design subsidiary in Shanghai, China will bring technology expertise that supports IDT's communications IC strategy, and also provides additional telecommunications products to extend IDT's offerings in the telecommunications marketplace

Under the terms of the agreement, IDT will pay approximately $80 million in cash to acquire strategic design expertise and products in analogue and mixed-signal circuit design critical to voice processing and transport products, enhancing IDT's focus on the