San Diego Company Acquires Chameleon

Chameleon Technologies Inc., an Irvine designer of semiconductors for fiber-optic equipment, has been sold to a San Diego company for an undisclosed amount of stock, the buyer said Wednesday.

Chameleon is one of three semiconductor design companies acquired by Applied Micro Circuits Corp., which makes chips for telecommunications equipment.

Applied Micro said in a press release that it is using its high-priced stock, which closed Wednesday at $103.13 a share, to acquire the companies. It also acquired YuniNetworks Inc. in San Diego for as much as $232 million in stock and PBaud Logic Inc. in Kanata, Canada, for an undisclosed price.