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PMC-Sierra Inc Completes Acquisition Of Integrated Device Technology Inc's Enterprise Flash Controller Business


Monday, 15 Jul 2013 08:00am EDT 

PMC-Sierra Inc announced that the Company has completed the purchase of Integrated Device Technology, Inc.’s (IDT) Enterprise Flash Controller business, including the world’s first NVM Express (NVMe) flash controller. With the addition of these controllers, PMC is positioned for leadership in the rapidly growing market for enterprise flash controllers. On May 29, 2013, PMC announced a definitive agreement to acquire IDT’s Enterprise Flash Controller business and certain PCI Express (PCIe) Switch assets. The aggregate purchase price was approximately $96 million. 

Company Quote

16.04
-0.18 -1.11%
2:09pm EDT