Tundra Semiconductor finalizes acquisition of Alliance Semiconductor's system solutions business

Ottawa, Canada, 18 May 2006. Tundra Semiconductor Corporation has completed the acquisition of the Systems Solutions Business Unit of Alliance Semiconductor Corporation. Tundra entered into an agreement on April 19 to acquire the assets -- intellectual property and several products, both in production and under development -- of the Alliance SSBU.

In addition to broadening its product offerings by adding PCI Express, HyperTransport, and PCI bridge products, Tundra gains Alliance SSBU's intellectual property and two highly experienced and innovative teams in Santa Clara, Calif., and Hyderabad, India.