MediaTek Completes Purchase of Analog Devices Cellular Radio and Baseband Chipset Divisions
Hsinchu, Taiwan - MediaTek, Inc. (TWSE: 2454, “MediaTek”) today announced that it has completed the purchase of the assets related to the Analog Devices, Inc. (NYSE: ADI) Othello® radio and SoftFone® baseband chipset product lines, as well as certain cellular handset baseband support operations, which was previously announced in September 10 2007. These product lines represented approximately US$230 million in revenue for ADI, based on fiscal year 2006 financial results. The total cash consideration is approximately US$350 million.
Through this acquisition, MediaTek will be able to strengthen its portfolio by obtaining key patents and intellectual property. More over, this acquisition will also enhance MediaTek’s global operations and development in converging wireless technology in order to provide innovative solutions to its customers.
About MediaTek
Since 1997, MediaTek has been a pioneering fabless semiconductor company and a market leader in cutting-edge systems-on-chip (SoC) for mobile devices, wireless networking, HDTV, DVD and Blu-ray. Our tightly-integrated, innovative chip designs help manufacturers optimize supply chains, reduce the development time of new products, and extend a competitive edge in crowded markets. Through MediaTek Labs, the company is also building a developer hub that will support device creation, application development, and services for the Internet of Things era. By building technologies that help connect individuals to the world around them, MediaTek is enabling people to expand their horizons and more easily achieve their goals. We believe anyone can achieve something amazing. And we believe they can do it every single day. We call this idea Everyday Genius and it drives everything we do. Visit mediatek.com for more information.