Winbond buys up ISD
Strengthens voice IC lines
WinBond Electronics, the Taiwanese specialist IC vendor, is to acquire all the shares it does not currently own in Integrated Storage Devices, for $10.5 million in cash. The company said the mergers meant it now has one of the strongest voice recording and playback IC product lines in the world. "We believe that we will have great success in selling ISD products through our marketing channels," Arthur Chiao, Winbond chairman said. David Angel, chairman and chief executive officer of ISD, said that it was a well timed deal: "ISD and Winbond have been working together in the development of ISD's long-duration flash-based ChipCorder products. Our companies complement each other well." After completion, ISD will become a subsidiary of WinBond.®
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