MediaTek to acquire Richtek
Smart phone SoC chip vendor MediaTek plans to acquire 100% of Richtek’s outstanding shares. Richtek makes Power semiconductor Ics for consumer electronics and mobile devices applications. Both are Taiwan based fabless chip design companies and are fast growing.
“As a global leader with significant presence in smartphones, tablets, and the digital home, MediaTek offers tremendous growth opportunities for power management related products through the cross-platform advantage,” said Mr. Ming-Kai Tsai, MediaTek Chairman & CEO. “Richtek is a leader in analog ICs and provides comprehensive power management solutions to satisfy various customer demand, backed by an experienced management and R&D team. We believe, through the deal, the competitive edges of both companies will be leveraged to maximize the platform synergy, strengthen MediaTek in Internet of Things segment and further enhance MediaTek’s competitiveness in the fast-changing and ever-competitive global semiconductor market.”
“MediaTek and Richtek are highly complementary in power management IP and products which creates a leadership position in this field,” said, Mr. Kenneth Tai, Richtek Chairman. “As specifications for end products continue to upgrade, the requirements for integrated power management solutions become more complex and diversified. By leveraging MediaTek’s platform leadership, Richtek aims to further optimize power management performance on the system level to enable competitive products for customers and further expand analog IC offerings to propel the company into its next stage of growth.”