Maxim Integrated (MXIM) Acquires Two Product Lines From Zilog (ZILG)

February 19, 2009 7:24 AM EST

Maxim Integrated Products (Nasdaq: MXIM) has acquired the Wireless Control and Secured Transaction product lines from Zilog, Inc. (Nasdaq: ZILG). Maxim expects the acquisition of these product lines will be accretive to earnings and cash flow in its fiscal year 2009 and later.

In this transaction, Maxim and Universal Electronics Incorporated (Nasdaq: UEIC) jointly purchased the Wireless Control business of Zilog.

Maxim also acquired Zilog's Secure Transaction product line, which features the Zatara(r) 32-bit ARM(r)-based microcontroller family of high performance ARM System-on-Chips (SoCs) used in PCI (Payment Card Industry) payment terminals.

Maxim Integrated Products is a publicly traded company that designs, manufacturers, and sells high-performance semiconductor products. [SM]

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