The supplier of video display, touch controller and high-speed interface ICs, Parade Technologies, Ltd. (TPEx: 4966.TWO) is all set to acquire major assets of the Canadian analog semiconductor company, Spectra7 Microsystems Inc. (TSXV: SEV) (OTCQB: SPVNF). These assets include IP, products, designs, inventory, and other specified items.
This assets acquisition will strengthen Parade Technologies’ global leadership in high-speed connectivity solutions. It will enable Parade to continue marketing Spectra7’s existing advanced active cable product portfolio and to leverage Spectra7’s technology in new high-speed solutions.
Parade anticipates that Spectra7’s cutting-edge SiGe-technology, achieving data speeds of 112 Gbps and higher, will provide valuable support for Parade’s efforts to expand into high-growth markets such as data centers, AI-powered computing, and next-generation consumer electronics. In addition, as part of the acquisition, a significant number of Spectra7’s employees will join Parade Technologies, ensuring continuity of technical expertise and customer support. This strategic purchase will further empower Parade’s ongoing efforts to deliver faster, more energy-efficient signal integrity connectivity solutions that meet the evolving demands of today’s data-driven world.
The transaction, which is subject to customary closing conditions, is expected to close in the second quarter of 2025.
