Diodes to Buy ElevATE Semiconductor in $250 Million Cash Deal
The acquisition expands Diodes' analog and mixed-signal portfolio to target growth in the automated test equipment market.
Diodes Incorporated (DIOD) agreed to acquire ElevATE Semiconductor, Inc. in an all-cash transaction valued at $250 million.
The companies expect the deal to close during the second half of 2026.
The acquisition is intended to position the company to capture accelerated growth opportunities across the automated test equipment (ATE) market by expanding its analog and mixed-signal portfolio.
“This acquisition positions Diodes to capture accelerated growth opportunities across the ATE market with an expanded analog and mixed-signal portfolio,” said Gary Yu, President and Chief Executive Officer of Diodes. “It also enhances our ability to provide broader solutions to customers and launch a new advanced product line that will drive increased dollar content in ATE applications,” Yu added.