Tundra Semiconductor, an Ottawa firm that designs components forwireless equipment, has announced a six per cent drop in revenue.
The semiconductor designer this week released results for the yearending April 30. the firm lost $4.2 million on revenues of $66.4million. A year earlier, revenues were $70.586 million but its loss,which included a writedown of goodwill, was much higher, at $58.8million.
The company recently agreed to be acquired by San Jose, Calif.-basedIntegrated Device Technology Inc. Tundra’s products include hostbridges, which connect processors, input-output and memory, pluscomponents for wireless products using standards such as WiMAX, HighSpeed Packet Access (HSPA) and wideband CDMA.
The acquisition by IDT, which would cost $120.8 million, will nothappen unless two-thirds of shareholders vote in favour of it at ameeting scheduled June 15. If the shareholders approve, then it wouldstill be subject to court approval.
Tundra’s technologies include RapidIO Gen2, which the companyintends to use in components for products such as cellular basestations, Internet Protocol television and video conferencing.
The firm is led by Daniel Hoste, who worked at Advanced MicroDevices from 1981 to 1989 and at Motorola Semiconductors from 1989 to2004.