China-based BCD Semiconductor Manufacturing has acquired Auramicro, a private company incorporated in Cayman Islands with main operations in Taiwan, for approximately $5.6m in cash.
As per acquisition, Auramicro’s engineering team will join BCD’s power management IC research and development team.
The acquisition will expand BCD’s DC/DC product portfolio with solutions that can leverage BCD’s Fab 2 manufacturing process currently under development.
BCD Semiconductor CEO Chieh Chang said the addition of Auramicro’s analog design team and power IC product portfolio will be a great complement to BCD’s growing power IC business.
"We feel our differentiated business model will allow us to continue to take share in the multi-billion dollar power IC market and we are excited to have Auramicro’s team join the BCD family," Chang said.
The transaction, which is likely to be complete by the end of the second quarter of fiscal 2011, is expected to be neutral to BCD’s earnings per share in 2011 fiscal year and accretive in 2012.