Cirrus Logic to acquire Lion Semiconductor
Cirrus Logic has announced that it has entered into an agreement to acquire Lion Semiconductor for $335 million.
According to the company this acquisition will bring with it unique intellectual property and products for power applications in smartphones, laptops and other devices and accelerates growth of Cirrus Logic's high-performance mixed-signal business.
âThe acquisition of Lion Semiconductor adds further momentum to our strategy of applying our mixed-signal expertise to new markets and driving growth through innovation in areas such as power,â said Cirrus Logic President and Chief Executive Officer John Forsyth. âLionâs proprietary fast-charging products and robust intellectual property portfolio are expected to contribute meaningfully to revenue growth in the coming years, strengthen the companyâs position to pursue exciting new opportunities and significantly expand our addressable market.â