Cirrus Logic Acquires INVENTVM to Expand Mixed-Signal Power and Audio Chip Capabilities
The acquisition adds engineering expertise and intellectual property in mixed-signal power management and audio ICs, while strengthening Cirrus Logic’s semiconductor development presence in Italy.
Cirrus Logic, Inc. (NASDAQ: CRUS) announced that it has acquired INVENTVM, a fabless semiconductor company based in Pavia, Italy that specializes in mixed-signal power management and audio integrated circuits. INVENTVM brings deep engineering expertise, intellectual property, and an established presence in a region where Cirrus Logic intends to expand further. This acquisition enables Cirrus Logic to accelerate the development of industry-leading products, supporting the company’s long-term growth strategy to expand into additional applications and markets.
“Our current pipeline of opportunities is the strongest we’ve ever had, and this acquisition directly adds innovative IP, expands our engineering capacity, increases our talent depth, and supports our efforts to grow in new applications and markets,” said John Forsyth, Cirrus Logic president and chief executive officer. “Having worked together closely for several years, we know the strength of this team, and we look forward to them joining our world-class engineering organization.”
“This announcement reflects the strong relationship our teams have built over many years of collaboration,” said Michele Chiabrera, chief executive officer of INVENTVM. “We are proud of what the INVENTVM team has accomplished, and we believe joining Cirrus Logic will create new opportunities to advance our technology, support customers, and continue innovating as part of a larger global organization.”
The financial terms of the transaction were not disclosed, and the transaction will not have a material impact on Cirrus Logic’s revenue.
