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Electronics Production | September 02, 2005

Mediatek acquires remaining 50% of Pericom

Handset chip provider Mediatek announced the acquisition of the remaining 50% stake of it's subsidiary Pericom Semiconductor via a stock swap.

Mediatek wants by this acquisition to extend it's mobile multimedia processor coverage. According to Mediatek's CFO, quoted in DigiTimes from a chineese magazine, Pericom should attain sales of NT$600 million with profits of NT$200 million this year.
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