Intersil Buys Kenet

Wade Roush10/1/08

Kenet, a six-year-old semiconductor design company based in Woburn, MA, will be acquired by Milpitas, CA-based semiconductor manufacturer Intersil (NASDAQ: ISIL), the larger company announced today. Kenet designs dies for low-power analog-to-digital data conversion for devices such as software-defined radios. Intersil, which did not disclose the amount it’s paying for Kenet, said the acquisition would give the company access to new markets.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.