AMI Semiconductor’s parent company purchases Dspfactory

September 20, 2004 – AMIS Holdings Inc., parent company of structured ASIC proponent AMI Semiconductor, has said it intends to purchase the assets of Dspfactory Ltd., a low-power DSP technology provider for $42.35 million in cash and restricted stock, with a potential additional payment of $8.5 million in stock if certain milestones are met before the end of 2006.

With this acquisition, AMIS gains mixed-signal DSP experience in hardware and product design, as well as software experience in algorithm development for the medical and industrial markets from Dspfactory, based in Ontario. The company’s DSP-based mixed-signal platform will enable AMIS to provide increased DSP functionality in applications such as advanced hearing aids, implantable and diagnostic applications in the medical market and motor control applications in the industrial market.

AMIS also assumes certain assets and liabilities of Dspfactory, including its facilities and operations in Waterloo, Ontario, and a design center in Marin, Switzerland, which AMI Semiconductor expects will help expand its reach into the North American and European markets.


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