Semiconductors - Monday, June 25, 2007
Voice Chip's Legerity Bought By Zarlink For $134M
Legerity has been bought by Canadian chip firm Zarlink Semiconductor [NYSE: ZL] for $134.5M in cash. Legerity sells chips for analog voice technologies in carrier, enterprise and residential gateway equipment. The two companies say they share a very similar customer base but are not direct competitors. Legerity has grown its revenue from $88M in 2004 to $113M in 2006. For 2006, Legerity recorded a profit of $4.1M.
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