Microchip buys Supertex for $394m
Microchip Technology has acquired Supertex, a US based manufacturer of high voltage analogue and mixed signals ICs, for around $394million (£240m).
The acquisition has been approved by the boards of directors of each company and is expected to close in the second quarter of 2014.
Microchips president and ceo Steve Sanghi said: "We are pleased to have Supertex become part of the Microchip team.
"Supertex's deep domain knowledge in high voltage analogue and mixed signal technologies, and strong position in the medical, industrial and lighting markets, complements many of Microchip's initiatives in these areas."
