Jun 11, 2009 - 1437 days ago
Leadis sells off touch sensor business to IDT
Leadis Technology, the Sunnyvale chip maker that has been selling itself off bit by bit, said today that Integrated Device Technology has agreed to buy assets related to Leadis’s touch sensor business. The deal, which closed Wednesday, calls for IDT to pay Leadis $6.25 million. IDT offered employment “to certain employees” affiliated with the business.
Several investors have been clamoring for Leadis to “increase shareholder value” over the last year, including Dialectic Capital and Kettle Hill Management.
In February, Leadis sold off some of its development-stage intellectual property for $2.3 million after selling off its display driver business the month before for $3.5 million and the assumption of $500,000 in liabilities.
