Analysis

IDT Completes Acquisition Of Tundra Semiconductor

30th June 2009
IDT
ES Admin
0
IDT has announced it has completed its acquisition of Tundra Semiconductor Corporation. The Tundra acquisition strengthens the IDT product portfolio of serial switching and bridging using PCI Express, Rapid IO and VME interconnect standards. Additionally, the Tundra technology, combined with the IDT mixed signal product portfolio and channel capabilities, will further reinforce the IDT leadership in interconnect solutions for the communication, computing and embedded segments.
This strategic combination will provide customers with a broader product offering as well as improved service, support and a future roadmap for serial connectivity.

The acquisition is expected to be financially accretive to IDT’s non-GAAP EPS in the second full quarter of combined operations.

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