Chipone Technology (Beijing): Beijing E-Town Chipone to Buy Integrated Memory Logic From $EXAR for $136M

Beijing E-Town-based Chipone Technology Co. Ltd. and private equity firm E-Town Capital, agreed to acquire Integrated Memory Logic Ltd (iML), a fabless semiconductor subsidiary of Freemont, Calif.-based Exar Corp. (NYSE: EXAR), for $136 million. Chipone is a leading Chinese semiconductors pioneer and fabless IC design and solutions company, which focuses on high-end power management circuits and a wide of array [...]