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Maxim to buy Austrian chipmaker for $130 mn

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CIOL Bureau
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BANGALORE, INDIA: Chipmaker Maxim Integrated Products Inc said it acquired Austria-based chipmaker SensorDynamics for about $130 million.

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The acquisition will allow Maxim, which makes chips used in computers and mobile phones, to expand into automotive and high-end consumer markets, it said in a statement.

Sunnyvale, California-based Maxim will also assume $34 million of privately held SensorDynamics' debt.

Maxim, which is scheduled to report quarterly results on July 28, expects revenue of $610-$640 million.

Last week, rival Fairchild Semiconductor reported quarterly results slightly above market estimates and forecast a conservative third quarter, but assuaged fears of a plunge in demand.

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