GWS acquisition expands Intersil's power MOSFET expertise
Intersil has announced the acquisition of (GWS) Great Wall Semiconductor, a private technology company developing state-of-the-art power MOSFET technology for cloud computing, space and consumer applications.
GWS’s design team brings valuable experience leveraging advanced design and process technology to enable power efficiency gains and footprint reduction in complex power systems. GWS’s existing and emerging FET products in combination with Intersil’s power controller portfolio, are expected to expand Intersil’s addressable market and provide compelling integration opportunities to accelerate innovation in the development of next-gen power stages.
Intersil acquired GWS for initial cash consideration of $19m, with up to $4m additional cash consideration based on the achievement of post-closing business metrics through 2016. The acquisition is expected to be neutral to 2015 non-GAAP earnings.
Mark Downing, Senior Vice President, corporate strategy and infrastructure power products, Intersil, commented: “This small but experienced team will be a great asset as we continue to expand our power management capabilities. Intersil’s strategy is based on establishing market leadership through the development of highly efficient and highly integrated power management solutions. This acquisition is aligned with that effort and nicely augments our existing team with additional intellectual property and talent.”
“GWS has differentiated itself through expertise in Lateral Power MOSFET device and processing technology combined with miniature chipscale packaging. We have developed important intellectual property that enables energy savings and environmental progress that can now reach a broader set of customers and markets as we become part of Intersil,” added Sam Anderson, CEO, Great Wall Semiconductor.