Enpirion

Today an agreement between MediaTek subsidiary Richtek and Intel has been made for Richtek to acquire Intel’s power management solutions and controller product line known as Enpirion. The agreement will enable the sale of the division, subject to regulatory approval, for $85 million, and is expected to close in Q4. Intel’s Enpirion business has been part of the company under the Programmable Solutions Group, formerly known as Altera, which was acquired by Intel in December 2015 for $16.7 billion. Altera had previously acquired Enpirion in May 2013 for $140 million, indicating a net loss over the seven years. The Enpirion PowerSoC product line has been a series of system-on-a-chip DC-to-DC power converters, enabling higher power density and lower electrical noise compared to discrete power converter equivalents...