Integrated Device Technology, which last week announced the closing of its purchase of the Canadian chip maker, Tundra Semiconductor, said today it would reduce its workforce by about 4.1 percent after assessing its “ongoing personnel needs in light of the acquisition.”
Based on the most recent figures we could find, Read the rest of this entry »
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 Read the rest of this entry »
Richard Crowley was named chief financial officer of Integrated Device Technology, according to a filing the San Jose chip maker made with the SEC Tuesday. He will begin work Oct. 20, 10 days after he leaves his current employer, Micrel. Crowley gave his notice last week at Micrel, which revealed the decision in its own filing today.
Crowley, 51, has worked at Micrel since 1999 and spent 18 years with Read the rest of this entry »
Clyde Hosein will leave San Jose chip maker Integrated Device Technology June 13 where he has served as chief financial officer since 2003 to take up the same position at Marvell Technology Group on June 23, according to SEC filings Friday. Hosein will get a nice bump in pay, with his yearly salary rising to $450,000, up from the$295,683 he got at IDT in fiscal 2007. He also receives a signing bonus of $350,000, an option grant good for 450,000 Marvell shares that vests over five year and a performance-based stock award for 200,000 shares. Read the rest of this entry »
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