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Electronics Production | September 14, 2004

AMI to acquire Dspfactory Ltd.

AMI Semiconductor has announced it would purchase the assets of Dspfactory Ltd.
For the acquisition AMI has to pay $42.35 million in cash and restricted stock, with a potential additional payment of $8.5 million in stock upon fulfilling certain milestones before the end of 2006.

By the acquisition AMI adds, ultra-low power DSP-technology for advanced hearing aids, implantable and diagnostic applications in the medical market, to their operations.
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