Diodes agrees to buy ElevATE Semiconductor for USD 250 million
DIOD•Diodes to acquire ElevATE Semiconductor for cash
Diodes agreed to buy ElevATE Semiconductor for USD 250 million in cash, adding ATE-focused IC capabilities to its analog and mixed-signal lineup.
ElevATE is a fabless San Diego company developing integrated circuits for automated test equipment, targeting high-density, low-power designs.
The deal is expected to add about USD 50 million of revenue in the first 12 months after closing. Revenue from the acquired business is projected to grow at a CAGR above 20% over the next four years, with gross margin above Diodes’ average.
Closing is expected in the second half of 2026, subject to customary conditions and regulatory approvals.
