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PMC Sierra's Burnaby office | BCBusinessPMC-Sierra's Burnaby office.
PMC Sierra’s Burnaby office | BCBusinessPMC-Sierra’s Burnaby office.
PMC-Sierra Inc. announced last week that it had entered into an agreement to buy assets from San Jose-based Integrated Device Technology Inc. (IDTI) for $100 million.
Incorporated in Delaware, PMC-Sierra Inc.’s operations are headquartered in Burnaby and the company maintains a large research and design facility near SFU. PMC-Sierra has its roots in the Pacific Microelectronics Centre, part of BC TEL’s research division.
According to a spokesperson for PMC-Sierra, this latest acquisition is not expected to add jobs at the company’s Burnaby facility.
PMC-Sierra said in a statement that the purchase will accelerate its entrance into the rapidly growing solid-state drive market—data storage devices that use flash memory. It will also complement PMC-Sierra’s current enterprise controller product offerings, according to president and CEO Greg Lang.
PMC will acquire IDT’s enterprise flash controller business and related intellectual property, including 75 patents.
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