AsTEK buys Leadis Display Driver Business
Leadis Technology, Inc., an analog and mixed-signal semiconductor developer of color display drivers, power management and touch ICs for mobile consumer electronics devices, today announced the sale of its display driver business to AsTEK, Inc., a privately-held company located in Korea. The consideration paid was $3.5 million of cash plus $0.5 million of assumed liabilities. Leadis retains rights to most of the current display driver products in production, as well as ownership of its proprietary EpiC(TM) technology for AM-OLED displays.
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