Diodes to Acquire Elevate Semiconductor for $250 Million in Cash
Diodes (DIOD) said Tuesday it has signed an agreement to acquire San Diego, California-based Elevate Semiconductor in an all-cash transaction for $250 million. The acquisition is expected to be immediately accretive to Diodes' revenue, gross margin, and earnings per share, the company said. Diodes said the deal is slated to add about $50 million in revenue in the first 12 months post-close, with revenue expected to grow at a compound annual growth rate of greater than 20% over the next four years with gross margin higher than Diodes' corporate average. The acquisition is expected to close in H2 of 2026.
Diodes (DIOD) said Tuesday it has signed an agreement to acquire San Diego, California-based Elevate Semiconductor in an all-cash transaction for $250 million.
The acquisition is expected to be immediately accretive to Diodes' revenue, gross margin, and earnings per share, the company said.
Diodes said the deal is slated to add about $50 million in revenue in the first 12 months post-close, with revenue expected to grow at a compound annual growth rate of greater than 20% over the next four years with gross margin higher than Diodes' corporate average.
The acquisition is expected to close in H2 of 2026.