Cork-based chip firm Powervation has been acquired by Japanese electronics player ROHM for S$70m in an all-cash transaction.
Powervation makes digital power management system-on-chip (SoC) devices. After the acquisition concludes Powervation will become a fully-owned subsidiary of ROHM, with a principal design centre in Cork, Ireland and system application centres in San Jose and Asia.
The company was founded in 2006 as a University of Limerick spin-out to develop digital power chips for servers in the cloud and communications infrastructure markets.
Digital power technology continues to progressively displace traditional analogue technology in the US$11bn global power management IC market.
“The Powervation team is excited to join forces with ROHM, a top 25 global semiconductor company,” said Mike McAuliffe, CEO of Powervation.
“It’s simply a great fit — we have built an innovative Digital Power IC company to date but the combination with ROHM now presents a compelling opportunity for broad market leadership in Digital Power Management solutions.”
ROHM is a US$3bn manufacturer of analogue and digital power semiconductors focused on the data centre and communications infrastructure markets.
“ROHM and Powervation share a common vision for the role of digital power technology in transforming the market with next-generation high-performance power solutions,” stated Mike Smith, senior vice president and general manager of ROHM Semiconductor USA.
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