Maxim Buys Teridian Semiconductor

Sunnyvale-based Maxim Integrated Products said this week that it is in a definitive agreement to acquire Teridian Semiconductor Corporation, a maker of systems-on-a-chip for the smart meter market, for $305M in cash. Teridian is based in Irvine, California, and was backed by Golden Gate Capital. Maxim said the acquisition will make it a technology leader in providing energy measurement and communications electronics to the smart meter market. According to Maxim, Teridian has 50 percent share of the systems-on-a-chip energy measurement market.