logo
Share SHARE
FONT-SIZE Plus   Neg

Microchip Technology Buys Roving Networks

Microchip Technology Inc. (MCHP: Quote) said Thursday that it has bought Roving Networks, a privately held, fabless semiconductor developer of Wi-Fi certified transceivers and FCC certified Wi-Fi and Bluetooth modules.

The terms of the deal are confidential.

The Roving Networks team, headed by Mike Conrad, will continue to operate out of its Los Gatos office.

The deal is expected to be immediately accretive on a non-GAAP basis, Microchip said in a statement.

The acquisition expands Microchip's wireless offerings with additional embedded Wi-Fi Capabilities and new Bluetooth connectivity options for PIC microcontrollers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing... Hewlett-Packard Co. (HPQ) has filed a lawsuit against Michael Lynch, the co-founder of Autonomy Corp., and its former Financial Chief Sushovan Hussain for a whopping $5.1 billion alleging that the executives misrepresented the financial situation of Autonomy. An HP's spokeswoman confirmed that the... Nine acres of green grass with 400 trees and a half-mile-long walk way. We are not talking about any park, but the expansive rooftop of Facebook's new office. The 430,000 square feet office is a single room and it might be the largest open floor plan in the world.
comments powered by Disqus
RELATED NEWS
Trade MCHP now with 
Follow RTT