Diodes Acquires Pericom Semiconductor

Plano-based semiconductor supplier Diodes Incorporated said this morning that it has acquired Pericom Semiconductor Corporation, a supplier of analog, digital and mixed-signal semiconductors used for clock and timing circuits. Diodes said it would pay approximately $400M in cash for Pericom, which it says had $129M in revenues. Diodes said the acquisition will boost the size of the company to approximately $1.0 billion in combined revenues. Pericom is based in Milpitas, California.