The hollowing out of Canada’s high technology sector is gathering momentum as scale, lax takeover legislation and low share prices contributed to the sale this month of two medium-sized, publicly traded firms. Gennum Corp, established 1987 as a subsidiary of Linear Technology Inc (established 1973), has been acquired by Camarillo CA-based Semtech Corp for $500…
Organization: Gennum Corp
Tundra favours IDT offer as Gennum drops bid
Tundra Semiconductor Corp will likely become foreign-owned after receiving a superior bid to the sweetened offer made by Burlington-ON based Gennum Corp (R$, Match 30/09). San Jose CA-based Integrated Device Technology (IDT) has offered $120.8 million to acquire Tundra, an Ottawa-based fabless semiconductor firm. Gennum, which had already sweetened its original $86-million bid to $112…
Gennum Corp hikes R&D spending by 20%
Gennum Corp has reported an increase in R&D spending of nearly 20% for FY00 ended November 20, according to year-end results released last week. The Burlington ON-based developer of silicon integrated circuits and modules and thin film hybrid circuits has R&D expenditures of $18 million (16.9% of sales), up from $15 million the year before.…