Organization: Passave Inc

PMC Sierra pays $300M to acquire semiconductor firm

PMC Sierra Inc has entered into an agreement to pay US$300 million to acquire Passave Inc, Santa Clara CA, a developer of system-on-chip semiconductor components for the fibre-to-the-home access market. The stock transaction gives PMC a major presence in the passive optical networking technology market segment and the ability to offer so-called triple play (voice,…