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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:41 EDTPLXT, IDTIFTC seeking to block Integrated Device, PLX Technology merger
The Federal Trade Commission issued an administrative complaint seeking to stop Integrated Device Technology's (IDTI) proposed $330M acquisition of PLX Technology (PLXT), a deal that allegedly would give the combined firm a near-monopoly in the market for a type of integrated computer circuits called PCIe switches. The commission also authorized the staff to seek a preliminary injunction in federal district court or other relief necessary to stop the deal pending a full administrative trial. According to the FTC, IDT and PLX are each other’s closest and most direct competitor in the nearly $100M market for PCIe switches. IDT’s proposed acquisition of PLX would give the combined firm a share in excess of 85% of the market, according to the FTC. Reference Link
News For IDTI;PLXT From The Last 14 Days
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May 27, 2015
06:34 EDTIDTIIntegrated Device's wireless charging technology featured in LG’s new smartphone
Integrated Device IDT wireless power receiver has been integrated into smartphone maker LG's flagship G4 model. LG’s new G4 has IDT’s P9025A chip built into the motherboard. LG previously chose an IDT chip to deliver wireless charging in the prior generation G3 smartphone.
May 24, 2015
16:16 EDTIDTIIntegrated Device to host analyst day
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May 21, 2015
16:11 EDTIDTIIntegrated Device and EPC partner for new semiconductor material
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May 13, 2015
06:39 EDTIDTIIntegrated Device teams with Blu Wireless to unite charging and streaming
Integrated Device announced its collaboration with Blu Wireless Technology to demonstrate integrated wireless charging with 60 GHz WiGig data transmission, a combination that will enable consumers to charge their phones and tablets while streaming 4K HD video and photos to their televisions and computers without cords.

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