Maxim completes purchase of power chip firm Volterra
Maxim Integrated Products has announced the completion of its acquisition of Volterra Semiconductor.
Volterra designs high-current power management ICs for the server, storage, cloud computing, communications, and networking markets.
“We add a very talented team and leading-edge proprietary technology in high-current power management solutions, which further diversifies our business model.”
Maxim says the addition of Volterra’s high-current technology will expand its position in the analogue power managment ICs, which represents a $9bn market.
Maxim paid $23 per share in a transaction valued at around $600m equity value.