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