Mergers and acquisitions
In 1999 [11] (or 2002 [12]), IDT acquired Quality Semiconductor, a provider of high-performance logic and networking semiconductor products, in an all-stock deal.
In 2001, IDT acquired Newave Inc., a Chinese semiconductor firm, to accelerate its investment in the growing Asian semiconductor industry and telecommunications market. Newave became a subsidiary of IDT through a cash-for-stock merger.[13]
In April 2001, IDT acquired Solidum Systems, an Ottawa-based fabless semiconductor company.[14]
In April 2004, IDT acquired ZettaCom, a serial switching and bridging semiconductor company, for $35 million. This enabled IDT to be one of the few communications IC suppliers to participate in the standards-based Advance Switching initiative spearheaded by Intel.[15]
IDT made two acquisitions in 2005. In June, IDT acquired Integrated Circuit Systems (ICS) for about $1.7 billion in cash and stock. The acquisition provided a platform for growth within the communications, computing, and consumer market.[16] In October, IDT acquired Freescale Semiconductor's timing products business for $35 million. The transaction was originally initiated by Integrated Circuit System Inc. before it was acquired by IDT earlier that year.[17]
In July 2006, IDT acquired the PC Audio division of Austin-based company SigmaTel for $80 million. This included SigmaTel's designs, marketing and manufacturing rights for its products, and software drivers. IDT planned to maintain the production flow of the existing SigmaTel products as part of the purchase agreement.[18] This division was later spun-off from IDT and became Tempo Semiconductor, Inc. in 2013.
In October 2008, IDT purchased the video processing technology and related assets from Silicon Optix, including the Hollywood Quality Video (HQV) brand and the Reon product line. This transaction included members of the Silicon Optix HQV engineering teams to enable continued delivery of video processing products.[19]
In April 2009, IDT sold its network search engine business to NetLogic Microsystems for approximately $100 million.[20]
In June 2009, IDT acquired the touch sensor technology assets and employees of Leadis Technology necessary to execute the existing roadmap.[21] That same month, IDT acquired Tundra Semiconductor for about CDN $120.8 million to expand IDT's serial switching bridging products through PCI Express, RapidIO, and VME interconnect standards.[22]
In 2010, IDT made two acquisitions. In January, IDT acquired Mobius Microsystems Inc., a developer of all-silicon oscillator technology. Terms of the deal were not disclosed.[23] In late April of that year, IDT acquired the assets of IKOR, a former subsidiary of iWatt Corporation that manufactures power module VRM products for high-performance computing. The all-cash transaction allowed IDT to produce high-performance power management products for enterprise computing.[24]
In September 2011, IDT and Qualcomm announced the signing of an agreement to transfer IDT's Hollywood Quality Video (HQV) and Frame Rate Conversion (FRC) Video Processing product lines and certain related assets to Qualcomm. As part of the agreement, both companies will be exploring options to include more of IDT's products in Qualcomm's reference designs.[25]
In 2012, IDT made three acquisitions. In April, IDT acquired FOX Electronics, a global supplier of frequency control products (FCPs), in an all-cash transaction for approximately $30 million.[26] In July 2012, IDT acquired NXP’s high-speed data converter assets and Alvand Technologies, an analog IP company specializing in data converters. Terms of the deals were not disclosed. These transactions add to IDT's for wireless infrastructure products.[27]
In 2015, IDT acquired ZMDI in Dresden, Germany, for $307 million.[28]
In 2017, IDT acquired GigPeak, a highly regarded optical interconnect product and technology business, for total cash consideration of $3.08 per share, or approximately $250 million in cash.[29]
In September 2018, Renesas announced its acquisition of IDT for $6.7 billion. On March 30, 2019, Renesas completed the acquisition of Integrated Device Technology with the new division named Tempo Semiconductor.[30][31]
