In the news

SAN JOSE, Calif. -- Integrated Device Technology Inc. (IDT) has acquired Mobius Microsystems Inc., a developer of all-silicon oscillator technology. Terms of the deal were not disclosed. Mobius' all-CMOS frequency source is used in the timing market.

SAN JOSE, California, January 14, 2010 — IDT® (Integrated Device Technology, Inc.; NASDAQ: IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced it has acquired Mobius Microsystems, the leader in precision all-silicon oscillator technology . The transaction, which closed today, January 14, 2010, is an all-cash agreement for the outstanding Mobius shares. The agreement has already received appropriate board approvals.

After many desperate meetings with investors in the Midwest, I packed my bags and moved to Northern California. There I pitched Mobius to several investors on Sand Hill Road and ultimately secured several term sheets, which led to an $8M equity investment by the end of 2005. Naturally, and rightfully so, the new investors pushed for Mobius to relocate to California, particularly considering that we were a team of inexperienced and young scientists and engineers, including me. After much debate, we decided to maintain the office in Michigan, which ultimately moved back to Ann Arbor, and create the Headquarters in Silicon Valley where the appropriate talent and resources are consolidated.

Founders: Michael McCorquodale (MSE PhD EE '00 '04) and Prof. Richard Brown

This page is a "seed"

This page is a placeholder and may have little to no useful information. You can help Arborwiki by clicking the edit button and adding as much as you can. If you think this article has reached the point where it's grown beyond being a first start, please remove {{seed}} from the article.

 

Edit tags