Cirrus Logic Announces Acquisition of INVENTVM Semiconductor
Key Highlights
- ➤Cirrus Logic (CRUS) acquired Italy-based fabless semiconductor company INVENTVM
- ➤INVENTVM adds mixed-signal power-management and audio integrated-circuit expertise
- ➤Acquisition expands Cirrus Logic’s intellectual property, engineering capacity, and talent depth
- ➤Financial terms undisclosed; transaction will not materially impact Cirrus Logic revenue
Expert Statements
John Forsyth, President and chief executive officer of Cirrus Logic
“Our current pipeline of opportunities is the strongest we’ve ever had, and this acquisition directly adds innovative IP, expands our engineering capacity, increases our talent depth, and supports our efforts to grow in new applications and markets”
John Forsyth, President and chief executive officer of Cirrus Logic
“Having worked together closely for several years, we know the strength of this team, and we look forward to them joining our world-class engineering organization.”
Michele Chiabrera, Chief executive officer of INVENTVM
“This announcement reflects the strong relationship our teams have built over many years of collaboration”
Michele Chiabrera, Chief executive officer of INVENTVM
“We are proud of what the INVENTVM team has accomplished, and we believe joining Cirrus Logic will create new opportunities to advance our technology, support customers, and continue innovating as part of a larger global organization.”
Cirrus Logic, Inc. (NASDAQ: CRUS) announced that it has acquired INVENTVM, a fabless semiconductor company based in Pavia, Italy that specializes in mixed-signal power management and audio integrated circuits. INVENTVM brings deep engineering expertise, intellectual property, and an established presence in a region where Cirrus Logic intends to expand further. This acquisition enables Cirrus Logic to accelerate the development of industry-leading products, supporting the company’s long-term growth strategy to expand into additional applications and markets.
“Our current pipeline of opportunities is the strongest we’ve ever had, and this acquisition directly adds innovative IP, expands our engineering capacity, increases our talent depth, and supports our efforts to grow in new applications and markets,” said John Forsyth, Cirrus Logic president and chief executive officer. “Having worked together closely for several years, we know the strength of this team, and we look forward to them joining our world-class engineering organization.”
Get started
Create a free account to read the full story.