S3 acquires Acacia Semiconductor
S3, based in Dublin and Lisbon, hopes that the acquisition will add to the company's growth by taking advantage of the addition of Acacia's established customer base to its portfolio.
"S3's acquisition of Acacia Semiconductor represents a strong strategic technical fit as well as a perfect synergy with S3's growth strategy for its mixed signal IP business. S3 is acquiring a skilled engineering team in Acacia as well as a large portfolio of mixed signal IP technology," said John O'Brien, CEO, S3.
"This is an exciting time for S3 and we believe that this acquisition solidifies S3's specialist market leadership position in mixed signal IP, helps us to better address emerging markets such as Next Gen WiFi and Mobile WiMAX and most importantly, assists us in better serving our growing global client base."
