Power IC and Analog chip maker Intersil acquired a discrete power semiconductor expert Great Wall Semiconductor (GWS). Year 2002 founded Great Wall Semiconductor based in Tempe, Arizona has only 10 employees but has been awarded 22 patents related to lateral low voltage power MOSFET technology. The technology has been successfully deployed to enable efficient power conversion in cloud computing, space and mobile applications.
The combination of GWS power MOSFETs and Intersil's power controller Ics helps Intersil to offer a better power electronics device solutions to the market.
"This small but experienced team will be a great asset as we continue to expand our power management capabilities," said Mark Downing, senior vice president of corporate strategy and infrastructure power products. "Intersil's strategy is based on establishing market leadership through the development of highly efficient and highly integrated power management solutions. This acquisition is aligned with that effort and nicely augments our existing team with additional intellectual property and talent."
"GWS has differentiated itself through expertise in Lateral Power MOSFET device and processing technology combined with miniature chipscale packaging," said Sam Anderson, CEO of Great Wall Semiconductor. "We have developed important intellectual property that enables energy savings and environmental progess that can now reach a broader set of customers and markets as we become part of Intersil."
Intersil acquired GWS for initial cash consideration of $19 million, with up to $4 million additional cash consideration based on the achievement of post-closing business metrics through 2016. The acquisition is expected to be neutral to 2015 non-GAAP earnings, stated in the release by Intersil