Texas Instruments to Acquire Assets of Oasix and Arisix Corporations
Acquisitions Increase TI's Design Capabilities for Hard Disk Drive Applications
(February 02, 1998) -- Texas Instruments Incorporated (NYSE: TXN) today announced that it has entered into an agreement to purchase certain assets of Oasix and Arisix Corporations, both digital integrated circuit design centers for hard disk drive products. These acquisitions complement TI's existing mass storage capabilities at its California- based subsidiary, Silicon Systems Inc., part of TI's Storage Products Group.
Oasix, located in Boulder, Colorado, and Arisix, in San Jose, California, are privately-held companies that specialize in the development of integrated circuits used in storage product applications. Combined, the companies employ approximately 20 full-time professionals.
"Oasix and Arisix are well respected in the industry, and we have been impressed with their talents as subcontractors to us," said Marty Jurick, senior vice president of business development at Silicon Systems. "By acquiring their unique design skills, TI will be able to expand its hard disk drive product development capabilities and add to its leadership position in digital signal processing solutions."
TI acquired Silicon Systems in July of 1996 to establish the company as a leading supplier of semiconductor products to the hard-disk drive and removable data storage markets.
By combining the expertise of Oasix and Arisix with Silicon Systems, TI's Storage Products Group can provide greater levels of density, integration and performance, ultimately resulting in more cost- effective solutions in the mass storage market.
TI will acquire the assets, design tools and licenses in a series of transactions. The first phase was completed in December, with the remaining phases expected to be closed by mid-year. Upon closing, the employees will be integrated into TI's Storage Products Group.