Analog sells mobile product lines
Fabless semiconductor company MediaTek has signed a definitive agreement to acquire Analog Devices’ Othello radio and SoftFone baseband chipset product lines, as well as certain mobile handset baseband support operations. The deal is valued at approximately $350million in cash.
Analog Devices’ president and ceo Jerry Fishman said: “This transaction will allow ADI to focus our resources in areas where our signal processing expertise can provide unique capabilities and earn superior returns. In addition, it unlocks the value of the Othello and SoftFone operations by creating the scale needed to support the R&D investment required for sustainable, long term success.”
