TDK Semiconductor becomes Teridian Semiconductor
A leading provider of mixed-signal integrated circuits, TDK Semiconductor Corp., recently announced that it has changed its name to Teridian Semiconductor Corp. , effective immediately. The company was acquired from TDK-USA (subsidiary of Japan-based TDK Corp.) by Golden Gate Capital , in partnership with the U.S.-based semiconductor management team.
'The company's new name, Teridian Semiconductor Corporation represents an important step in our evolution as a leading mixed-signal device company. We believe the timing of the re-branding is especially important as we launch a number of new products in the residential and industrial meter, smart card reader, Ethernet, and WAN markets,' says Gerald Fitch, president and CEO of Teridian Semiconductor.
Teridian Semiconductor is an Irvine, CA-based fabless semiconductor company that designs and develops advanced analog and mixed-signal ICs. The company is reportedly working with customers to facilitate a seamless name change transition. Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $2.5 billion of capital under management.
Frank J. Bartos, executive editor, Control Engineering
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey