Organization: Tundra Semiconductor Corp

Tundra favours IDT offer as Gennum drops bid

Tundra Semiconductor Corp will likely become foreign-owned after receiving a superior bid to the sweetened offer made by Burlington-ON based Gennum Corp (R$, Match 30/09). San Jose CA-based Integrated Device Technology (IDT) has offered $120.8 million to acquire Tundra, an Ottawa-based fabless semiconductor firm. Gennum, which had already sweetened its original $86-million bid to $112…

Tundra launches RapidIO development project

Ottawa’s Tundra Semiconductor Corp is launching a $28-million R&D project to develop switch-fabric-based system interconnect products based on the serial interconnect standard, RapidIO. Tundra is receiving $7 million in assistance from Technology Partnerships Canada to develop RapidIO-based systems, a layered architecture allowing for scalability and future enhancements while maintaining backwards compatibility. RapidIO has higher bus…