Wednesday, April 8, 2009

Microchip acquires R&E International

Chandler, Arizona – April 8th, 2009 – (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of microcontroller and analog semiconductors, today announced it has acquired R&E International, Inc. on March 31, 2009. R&E International is a privately-held developer of both standard and application-specific integrated circuits (ASICs) focusing on security and life-safety applications, based in Norristown, Pennsylvania. R&E International has supported the varied needs of end-market manufacturers worldwide since 1987 with custom and standard mixed-signal integrated circuit design and manufacturing.

The terms of the deal are confidential, and the deal is expected to be immediately accretive to Microchip’s non-GAAP earnings.