Zilog Inc., which sells microprocessor and microcontroller products, was founded in California in 1974 by two former Intel Corp. engineers. Texas Pacific Group acquired the semiconductor maker in 1998, and several years later Zilog reorganized itself in a Chapter 11 bankruptcy. In the process, Texas Pacific Group exchanged its debt for equity and sold off its interests. Zilog went public in 2004.
In 2009, Zilog reported revenue of $36.2 million, down from $67.2 million in 2008. Last year, Milpitas-based IXYS Corp. bought Zilog, taking it private. Zilog now has about 140 employees worldwide.
