◂ Announcements

Apr 23, 2020ACQUISITIONSan Jose, Calif., United States

Parade Technologies to acquire Fresco Logic for $37.5M

Parade Technologies Ltd announced plans to acquire USB controller developer Fresco Logic Inc for $37.5 million in cash. The deal is expected to close in Q2 2020.

Value

$37.5M

Status

Announced

ProductsUSB host controller chipsUSB Type-C connectivityUSB4 products

CompaniesParade Technologies acquirer Fresco Logic target

Sectors#Semiconductors and Industrial Electronics

“We have decided to acquire the company because of their design capabilities ... which would help us expand the market for our USB 4 products.”taipeitimes.com

2 sources
taipeitimes.comParade announces plans to acquire Fresco Logic Inc - Taipei TimesApr 23, 2020
paradetech.comParade Technologies to Expand High Speed USB Type-C Connectivity Portfolio with Acquisition of Fresco Logic - Parade Technologies, Ltd.craigApr 23, 2020

Summarized from public sources; check the original articles before acting on it.

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