Semi-Conductor

Austin-based Wintegra Sold to PMC-Sierra
Photo Courtesy of Wintegra, Inc.

PMC-Sierra Inc. , a California-based semi-conductor company, has agreed to buy Austin-based Wintegra, Inc. for $213 million the companies announced Thursday. PM-Sierra will pay the initial $213 million in cash, but has promised to pay an additional $60 million if Winetegra can match certain financial goals by the end of 2011. While Wintegra is headquartered in Austin, a majority of its employees work at its Tel Aviv, Israel manufacturing plant. The 23 Austin employees handle sales, marketing,...