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Intersil spent an initial cash consideration of $19 million, with an additional $4 million based on the achievement of post-closing business metrics through 2016.

Intersil's acquisition of Great Wall Semiconductor is expected to increase its portfolio of low-voltage power MOSFET technology patents.
Intersil is to acquire Great Wall Semiconductor or GWS, a private technology company developing state-of-the-art power MOSFET technology for cloud computing, space and consumer applications. Lateral power MOSFET expertise and IP is particularly cited.
Intersil said the GWS design team brings valuable experience in advanced design and process technology to enable power efficiency gains and footprint reduction in complex power systems.
The existing and emerging FET products of GWS, in combination with Intersil's power controller portfolio, are expected to broaden the latter's addressable market and provide compelling integration opportunities to accelerate innovation in the development of next-generation power stages.
"This small but experienced team will be a great asset as we continue to expand our power management capability," said Mark Downing, senior vice president of corporate strategy and infrastructure power products. "Intersil's strategy is based on establishing market leadership through the development of highly efficient and integrated power management solutions."
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