Silicon Labs buys California chipmaker

Mar 5, 2014
Austin Business Journal

In a $1.5 million deal, Silicon Laboratories Inc. has bought Milpitas, Calif.-based Touchstone Semiconductor Inc., an early-stage maker of low-power chips, according to a Monday announcement


Company officials said the acquisition will enhance Silicon Labs' portfolio of low-power, embedded controllers, sensors and other tech products thought to be central to the emerging "Internet of things" market. As a result, Silicon Labs now can sell about 70 new products previously developed by Touchstone


In January,  Austin-based Silicon Labs reported fourth-quarter net income of $10.6 million, or 24 cents per share, on revenue of $146.2 million, or 44 cents per share. That compares to a profit of $18.6 million on revenue of $152.4 million during the same quarter in 2012


For the full year, Silicon Labs posted a profit of $49.8 million on revenue of $580 million versus a profit of $63.5 million on revenue of $563.2 million in 2012, according to a filing with the U.S. Securities and Exchange Commission


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