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Maxim Integrated acquires Volterra

Posted: 19 Aug 2013     Print Version  Bookmark and Share

Keywords:Maxim Integrated  Volterra  power management  cloud-computing  communications 

Chip maker Maxim Integrated Products has acquired Volterra Semiconductor Corp., a provider of power management solutions, for approximately Rs.3,622.75 crore ($605 million).

Volterra develops chips primarily for enterprise, cloud-computing, communications and networking markets.

"Maxim Integrated is known for its highly integrated solutions. With Volterra, we will strengthen our position in the enterprise and communications markets," said Tunç Doluca, Maxim's President and Chief Executive Officer.

"We add a very talented team and leading-edge proprietary technology in high-current power management solutions, which further diversifies our business model," he added.

"The Volterra team will build upon Maxim's scale and market leadership to expand our ability to deliver innovative and differentiated products to our customers," stated Jeffrey Staszak, Volterra's President and Chief Executive Officer.

At Rs.53,892.22 crore ($9 billion), power management is currently the largest and fastest-growing product segment in the analogue market, according to Databeans. Maxim offers a broad portfolio of products for power conversion: switching regulators, linear regulators, charge pumps, digital Point-of-Load (POL) converters, and power management integrated circuits (PMICs), primarily in medium-to-low current applications. Volterra's high-current technology expands our position in this growing segment of the analogue market, the company said.

Maxim's acquisition of Volterra is expected to close early in the December quarter.

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