Microchip Technology buys integrated-circuits maker - East Valley Tribune: Business

Microchip Technology buys integrated-circuits maker

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Posted: Thursday, April 9, 2009 7:49 pm | Updated: 1:30 am, Sat Oct 8, 2011.

Chandler-based Microchip Technology said Thursday it has acquired R&E International, a privately held developer of integrated circuits used primarily in security and life-safety equipment such as smoke and carbon monoxide detectors.

Microchip Technology circuits also enjoy a strong market position in those detectors, and the acquisition will help the company develop next-generation products, said Rich Simoncic, Microchip vice president.

R&E International is based in Norristown, Pa.

Terms of the acquisition were not disclosed.

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