logo
Share SHARE
FONT-SIZE Plus   Neg

Microchip Technology Buys Roving Networks

Microchip Technology Inc. (MCHP) 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

Quick Facts

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
Follow RTT