Silicon Laboratories

(SLAB) - Get Report

bought closely held


of Rennes, France, for $20 million in cash.

The Austin, Texas-based company said Silembia is a developer of semiconductor intellectual property for digital demodulation and channel decoding. The transaction is expected to result in a one-time charge in the second quarter.

"Silembia's expertise augments Silicon Laboratories' core competencies and enhances our ability to accelerate the development of differentiated IC solutions for both new and existing markets," the company said.

Silicon Labs shares were off 76 cents to $40.37 Monday.

This story was created through a joint venture between and IRIS.