O.C. company bought for $315 million

April 15th, 2010, 3:00 pm
by Jan Norman, small-business columnist

Teridian Semiconductor Corp. in Irvine has been bought for $315 million by Maxim Integrated Products Inc. in Sunnyvale.

Teridian designs and sells semiconductors to meter electricity and measure energy. It has a 50% market share of the system-as-a-chip energy measurement market. It’s primary investor is the private equity firm Golden Gate Capital.

Click here to read a previous Register story about Teridian.

Maxim designs, manufactures, and sells 6,300 high-performance semiconductor products. Maxim said it will on Teridian’s market position to boost sales of its existing power management and interface products, security IP and powerline communications products for use in smart meters and smart grids worldwide.

“Global Smart Grid investment is essential to use power plants and transmission networks more efficiently,â€