June 21, 2005 – Semtech Corp., a producer of high performance analog and mixed-signal semiconductors, has announced plans to acquire XEMICS SA, a fabless developer of ultra-low power analog, radio frequency (RF) and digital integrated circuits (IC), and will be known as the Wireless and Sensing Products business unit.
XEMICS was established in 1997 as a spin out of the Swiss Center for Electronics and Microtechnology (CSEM). CSEM, which is funded by both government and industry sources, carries out applied research and product development. XEMICS works closely with CSEM on commercializing new technologies and is expected to continue to do so after the acquisition.
In 2004, XEMICS generated net sales of about $23 million, mostly from custom and standard IC products for battery powered applications, remote metering, embedded systems, and medical devices.
XEMICS offers proprietary technology, including patents and other exclusive IP; access to applied research; and an existing business that is growing. Semtech has market presence and capital resources; relationships with industry leaders; a roughly $225 million base of synergistic product sales; and a worldwide infrastructure of sales, marketing and low cost manufacturing resources.