Ixys, a provider of power semiconductors and specialized mixed signal IC products, has entered into a definitive agreement to acquire Zilog, Under the terms of the agreement, Ixys will acquire all of Zilog’s outstanding common shares for $3.5858 per share in cash, or approximately $62.4 million. Ixys expects to increase its penetration in the automotive electronic and electric market by producing cost-effective integrated product offerings, including the power semiconductors, driver ICs and Zilog MCUs that are essential for automotive controls and driving displays.

In march 2008 Ixys already acquird approximately 5.0%, of the outstanding common stock of Zilog. In february 2009 Zilog did sell certain of its assets to Maxim Integrated Products, and Universal Electronics (UEI).