Micrel Acquires Synergy Semiconductor

Micrel Incorporated announced that it has completed the acquisition of Synergy Semiconductor Corporation. Under the terms of the acquisition, Micrel will pay $9,900,000 for all outstanding shares of capital stock of Synergy Semiconductor. In connection with the acquisition, Micrel expects a one-time charge against after tax earnings for purchased in-process research and development expenses in the fourth fiscal quarter of 1998. Synergy, a leading provider of mixed-signal and digital integrated circuits for the communications, high performance computing and ATE industries, is expected to provide Micrel entry into the high-bandwidth telecommunications and data communications markets.

Micrel Semiconductor designs, manufacturers and markets high performance analog power ICs. It is a major supplier of linear devices in IttyBitty subminiature packages. Micrel's products include low-dropout regulators (LDOs), USB and PCMCIA power controllers, switch mode power supply controllers (SMPS), operational amplifiers and comparators, charge pumps, voltage references, latched drivers and RF devices. Applications for Micrel products include notebook, desktop and palmtop computers, computer peripherals, cellular phones, process controls, telecommunications equipment, consumer electronics, electronic testers, industrial and medical instruments, factory automation and avionics.