Diodes to acquire ElevATE Semiconductor for $250M cash, expanding ATE portfolio

DIODES INC /DEL/

All-cash acquisition of ElevATE Semiconductor for $250M base purchase price, plus up to $50M earnout based on 2027-2030 revenue/gross margin targets.
Expected to add ~$50M revenue in first 12 months post-close; revenue CAGR >20% over next 4 years; gross margin significantly above Diodes' corporate average.
Transaction approved by both boards and ElevATE stockholders; expected to close in H2 2026, subject to regulatory approvals.
Combines ElevATE's ATE IC technology with Diodes' portfolio, manufacturing scale, and global sales to increase ATE market penetration.

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