Analysis
IDT Completes Acquisition Of Tundra Semiconductor
IDT has announced it has completed its acquisition of Tundra Semiconductor Corporation. The Tundra acquisition strengthens the IDT product portfolio of serial switching and bridging using PCI Express, Rapid IO and VME interconnect standards. Additionally, the Tundra technology, combined with the IDT mixed signal product portfolio and channel capabilities, will further reinforce the IDT leadership in interconnect solutions for the communication, computing and embedded segments.
ThisThe acquisition is expected to be financially accretive to IDT’s non-GAAP EPS in the second full quarter of combined operations.