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Kinetic acquires MegaChips’ smart connectivity division
Analog and mixed-signal semiconductor company, Kinetic Technologies, has acquired MegaChips Corporation’s Smart Connectivity Division. Terms of the asset transaction were not disclosed.
Adding the Smart Connectivity product line to Kinetic’s portfolio is a continuation of the company’s growth strategy, executed organically as well as via acquisitions.
“The addition furthers Kinetic's strategy of developing and acquiring high-performance technology which relies on our system architecture expertise.”, says Kin Shum, CEO of Kinetic Technologies, in a press release. "We see the Smart Connectivity products as highly complementary to Kinetic's portfolio with demand at our existing top-tier OEM customer base."
