Strengthens Company’s Leadership Position in Audio ICs and Software
for Portable Applications
AUSTIN, Texas--(BUSINESS WIRE)--
Cirrus
Logic, Inc. (NASDAQ: CRUS) today announced that it has completed its acquisition
of Wolfson Microelectronics. Cirrus Logic believes that the
acquisition will strengthen its position as a market leader with a
highly differentiated global customer base and end-to-end signal
processing solutions, including integrated circuits and software for
portable audio applications.
“Wolfson has a rich history of audio innovation, a broad catalog of
audio products and a first-class customer list,” said Jason
Rhode, Cirrus Logic president and chief executive officer.
“This acquisition strengthens Cirrus Logic’s core business as a leader
in audio signal processing components, enhances our ability to
differentiate our products with software, and adds new product
categories such as MEMS microphones to our portfolio.”
Cirrus Logic will provide financial information for the combined company
when it reports Q2 FY15 results.
About Cirrus Logic, Inc.
Cirrus Logic develops high-precision, analog and mixed-signal integrated
circuits for a broad range of innovative customers. Building on its
diverse analog and signal-processing patent portfolio, Cirrus Logic
delivers highly optimized products for a variety of audio and
energy-related applications. The company operates from headquarters in
Austin, Texas, with offices in Edinburgh, UK, Phoenix, Ariz., Europe,
Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.
Cirrus Logic, Cirrus and the Cirrus Logic logo are registered trademarks
of Cirrus Logic, Inc. Other brand names or trademarks belong to their
respective holders.
© 2014 Cirrus Logic, Inc. All rights reserved.
Source: Cirrus Logic, Inc.