Cypress bags up Ramtron
After a three month courtship, Cypress Semiconductor has finally married its ferroelectric intended, Ramtron.
But Ramtron exacted a price for its favours which was a third more than the original proposal back in June – $3.10 a share instead of the original $2.68 offer.
$3.10 a share values Ramtron at $110m.
Ramtron based in Colorado Springs, was founded in 1984 to pursue ferro-electric RAM (FRAM) development. The technology has remained niche because it cannot achieve the density of traditional RAM technologi. But it is useful in low power and radiation resistant applications.