ATI confirms acquisition of XGI
Confirming earlier rumors, ATI has announced its acquisition of XGI.
TORONTO & SHANGHAI, China--(BUSINESS WIRE)--March 6, 2006-- ATI Technologies Inc. (NASDAQ:ATYT) (TSX:ATY) today announced the acquisition of Shanghai-based Macrosynergy, an XGI Technology alliance company, as well as related personnel working out of XGI Technology's Santa Clara, California location. With the acquisition ATI immediately increases its presence in Shanghai, China, considered to be the epicenter of China's burgeoning technology market. At the same time the company acquires the research and design expertise of an organization best known for its multimedia add-in boards for personal computers.
The press release reveals that ATI will take on employees from XGI's Shanghai and Santa Clara facilities, but additional details, such as how much ATI paid for XGI and what will become of the Volari GPU, remain scarce.