Mergers & Acquisitions
May 20, 2003
Chip Makers Join Forces to Better Attack High-Definition TV Market
Chip maker Zoran Corp. of Santa Clara has agreed to buy Oak Technology Inc. for $358 million in cash and stock. Both companies manufacture chips for consumer electronics. Zoran makes chips used in DVDs and digital cameras. Sunnyvale-based Oak manufactures chips used for televisions and digital imaging, selling its products to customers such as Samsung Electronics and Philips Electronics.
Both companies manufacture chips for consumer electronics. Zoran makes chips used in DVDs and digital cameras. Sunnyvale-based Oak manufactures chips used for televisions and digital imaging, selling its p...
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