AMI Semiconductor Completes Acquisition of Dspfactory Ltd.POCATELLO, Idaho Pocatello (IPA: [po kə tɛ lo]) is the county seat and largest city of Bannock CountyGR6 -- Acquisition Further Strengthens Ability to Deliver Ultra-Low Power Solutions for Global Medical and Industrial Markets AMI Semiconductor AMI Semiconductor is a company engaged the design and manufacture of customer specific integrated circuit solutions, including solutions for the automotive, medical and industrial markets. Among its products are products that integrate processing of analog and digital signals. (Nasdaq:AMIS A·mis , Kingsley 1922-1995. British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978). ), a designer and manufacturer of state-of-the-art integrated mixed-signal and structured digital products, has completed its acquisition of substantially all of the assets and certain liabilities of Dspfactory Ltd., a leading provider of ultra-low power digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ) technology for approximately $25.9 million in cash and 1,314,000 shares of common stock. Up to an additional $8.5 million in common stock may be paid, dependent upon meeting certain revenue milestones in either 2005 or 2006. Through the acquisition, AMI Semiconductor has further strengthened its ability to design, manufacture and deliver ultra-low power DSP solutions for the global medical and industrial markets. As a result of the acquisition, AMIS now has access to Dspfactory's proprietary DSP-based mixed-signal platforms. These platforms will allow AMIS to provide increased DSP functionality in applications such as advanced digital hearing aids, implantable and diagnostic applications in the medical market. In addition to the technology, AMIS has acquired Dspfactory's facilities and operations in Waterloo, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. , Canada, and the company's design center in Marin, Switzerland. "This acquisition is in line with our strategic focus on the global industrial and medical sectors, and further strengthens our ability to develop the low power hardware and the DSP algorithms that these sectors increasingly demand," said Christine King, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMI Semiconductor. About AMI Semiconductor AMI Semiconductor (AMIS) is a leader in the design and manufacture of silicon solutions for the real world. As a widely recognized innovator in state-of-the-art integrated mixed-signal products, mixed-signal foundry services and structured digital products, AMIS is committed to providing customers with the optimal value, quickest time-to-market semiconductor solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the United States, Europe and the Asia Pacific region. |
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