TI Acquires Integrated Circuit Designs, Inc. to Expand Low-Power RF Design Resources
DALLAS (August 15, 2007) -- Texas Instruments (TI) Incorporated (NYSE: TXN) today announced that it has acquired Integrated Circuit Designs, Inc. (ICD), a privately-held company that specializes in the design of radio-frequency (RF) integrated circuits (ICs). Combining ICD's design expertise with TI's extensive high-performance analog and low-power microcontroller product portfolio will enhance TI's ability to provide industry-leading low-power RF solutions for industrial, commercial and consumer applications.
This acquisition is the latest strategic move by TI to strengthen its low-power RF portfolio and follows the successful acquisition of Chipcon, a leading provider of short-range, low-power RF transceivers for ZigBee®-compliant and proprietary-based wireless systems.
"With the rapidly growing demand for industrial, commercial and residential systems to incorporate more short-range wireless technology, it is important for TI to provide a broad portfolio of innovative RF devices. The addition of ICD's design expertise will complement our existing low-power wireless business and enhance our ability to offer customers complete RF solutions," said David Jones, Precision Analog business manager at TI.
Edward Chalfin, founder, chairman and president of ICD, said, "We are very excited to join Texas Instruments and expand TI's existing design resources and expertise in the field of low-power RF."
ICD was founded in 1995 to provide consulting services in analog and mixed-signal IC design. In addition to its core analog IC design expertise and IP portfolio, ICD's capabilities include physical layout, test engineering and project management. ICD is based in Ellicott City, Maryland, and has 16 employees. Terms of the transaction were not disclosed.