Integrated Device Technology (IDT) and Integrated Circuit Systems (ICS) intend to fuse themselves into a single company. The shareholders of ICS will receive IDT shares as well as a cash payment of US$ 7.25 per share. Based on current share value, ICS is worth 1.7 billion US$. The resulting company, named IDT, will belong 54% to the IDT shareholders and 46% to the ICS shareholders. The "old” IDT produces hardware and software for network solutions, memory ICs and communication modules. ICS develops Analogue and Mixed-Signal ICs.