Chipmaker Cirrus Logic announced Thursday that it will acquire LuxSonor Semiconductors Inc., a manufacturer of semiconductors for audio and video devices.
Austin, Texas-based Cirrus, which mainly manufactures DSPs (digital signal processors) for consumer electronics devices, will acquire LuxSonor for an estimated US$65 million in a stock transaction, Cirrus said in a statement. The acquisition has been approved by the boards of directors of both companies and is expected to close in August, Cirrus said.
The acquisition will bolster Cirrus' business of providing components for Internet-ready DVD (digital versatile disc) players and networked entertainment centers, Cirrus said. Cirrus now provides the front-end DVD optical controller, back-end video processor and power amplifiers, the company said.
Fremont, California-based LuxSonor's intellectual products include RISC (reduced instruction set computing) processors, DSPs and video and audio compression and decompression technology.