Leadis Technology, a mixed-signal semiconductor developer of display driver ICs for small panel color displays, announced the acquisition of Mondowave, a privately held analog semiconductor company specializing in low-power consumer audio applications. Mondowave, headquartered in Mountain View, California, has announced sampling of an low-power CODEC and an FM transmitter, targeting portable music players, and expects to start mass production in the second half of 2007. Under terms of the agreement, Leadis will acquire all of Mondowave's outstanding common stock for $8 million in cash. Additionally, Leadis will pay Mondowave employees joining Leadis bonuses in future periods for retention and earn out performance goals. Leadis expects much of the purchase price will be recorded as an in-process research and development charge in the current quarter results.