PMC-Sierra Agrees To Buy Integrated Device Assets for $100 Million

PMC Sierra’s Burnaby office | BCBusiness
PMC-Sierra’s Burnaby office.

The semiconductor producer will acquire Integrated Device Technology’s enterprise flash controller business

PMC-Sierra Inc. announced last week that it had entered into an agreement to buy assets from San Jose-based Integrated Device Technology Inc. (IDTI) for $100 million.

Incorporated in Delaware, PMC-Sierra Inc.’s operations are headquartered in Burnaby and the company maintains a large research and design facility near SFU. PMC-Sierra has its roots in the Pacific Microelectronics Centre, part of BC TEL’s research division. 

According to a spokesperson for PMC-Sierra, this latest acquisition is not expected to add jobs at the company’s Burnaby facility.

PMC-Sierra said in a statement that the purchase will accelerate its entrance into the rapidly growing solid-state drive market—data storage devices that use flash memory. It will also complement PMC-Sierra’s current enterprise controller product offerings, according to president and CEO Greg Lang.

PMC will acquire IDT’s enterprise flash controller business and related intellectual property, including 75 patents.