Linear makes components including analog integrated circuits for major companies worldwide. PHOTO COURTESY: BLOOMBERG
SAN FRANCISCO: Electronic component maker Analog Devices announced a deal Tuesday to buy rival Linear Technology for $15 billion.
The combination "brings together two of the strongest business and technology franchises in the semiconductor industry," said Vincent Roche, president and chief executive of Analog Devices.
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"Our shared focus on engineering excellence and our highly complementary portfolios of industry-leading products will enable us to solve our customers' biggest and most complex challenges at the intersection of the physical and digital worlds."
Analog makes a range of microprocessors, sensors and other components for electronic devices and competes with rivals such as Texas Instruments.
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Linear makes components including analog integrated circuits for major companies worldwide.
A joint statement said the tie-up would "create a global high-performance analog industry leader across data converters, power management, amplifiers, interface, and RF (radio frequency) and microwave products" with complementary product portfolios.
The combined enterprise value would be around $30 billion with revenues at $5 billion.
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