Discrete and analog semiconductor maker Diodes Inc. announced today that it will buy privately held fabless discrete semiconductor company APD Semiconductor for approximately $8 million. Under the agreement, Diodes will pay APD $8 million for patents, technology, trademarks and net working capital. The deal also includes a potential earnout provision. APD has its headquarters in Redwood City, Calif., with a design center in Seattle and a sales, application and administration center in Taipei, Taiwan. APD's revenue is forecasted to be approximately $2 million for 2006, and Diodes expects the deal to add to its earnings in 2007. "The APD acquisition is aligned with our strategy of strengthening Diodes' technology leadership in the discrete semiconductor market and expanding our product capabilities across important segments of our end-markets," said Keh-Shew Lu, Diodes president and CEO. APD's main focus is its Super Barrier Rectifier (SBR) technology, which allows for increased power saving with better efficiency and reliability at higher operating temperatures for applications like digital audio players, DC/DC converters, AC/DC power supplies, LCD monitors, power-over-Ethernet, power factor correction and TV/satellite set-top boxes. The deal is subject to receipt of required approvals and other customary conditions. For more information, visit: www.diodes.com