ATI Aquires XGI
ATI have confirmed rumors that they have aquired XGI. The press release doesn’t mention what will become of XGI, but does say that ATI will take on some XGI employees.
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.
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