Exar Closes Sipex Acquisition

Fremont, California-based Exar Corporation said today that it has completed its previously announced merger with Sipex Corporation. The deal, which was originally announced in May, brings together Exar's mixed-signal semiconductor business with the Sipex analog semiconductor business. The firm said that Ralph Schmitt is now Exar's President and CEO, and that it has added two former Sipex directors to its board.