Tuesday, September 26, 2006

Acquicor Buys Jazz Semiconductor For $260M

Newport Beach-based Acquicor Technology and Jazz Semiconductor said today that the two will merge. The transaction, which is worth $260M in cash, is expected to close in the first quarter of 2007. Jazz Semiconductor will merge with a wholly owned subsidiary of Acquicor. The firm is a semiconductor foundry that focuses on CMOS technology for analog and mixed-signal chips. Jazz Semiconductor is a joint venture of The Carlyle Group and Conexant Systems, and is a spinoff of Conexant. Acquicor is the blank check acquisition firm that is headed by ex-Apple CEO Gilbert Amelia, ex-CTO Ellen Hancock, and Apple founder Steve Wozniak.