Wednesday, April 28, 2010

Silicon Laboratories Acquires Silicon Clocks and CMEMS™ Technology

AUSTIN, Texas, April 28, 2010 - Silicon Laboratories Inc. (Nasdaq: SLAB) today announced the acquisition of Silicon Valley-based Silicon Clocks, an early stage company creating innovative microelectromechanical system (MEMS) technology. Silicon Clocks’ CMEMS™ (CMOS+MEMS) technology is aligned with Silicon Labs’ efforts to leverage its CMOS-based timing products into high-volume applications such as consumer electronics.

Silicon Clocks pioneered the development of a MEMS process technology that allows for the fabrication of MEMS resonators and other sensor structures directly on top of standard CMOS wafers. This approach will eliminate the need for boutique semiconductor processing and enables new levels of performance, integration, and size by eliminating the electrical parasitics and packaging issues associated with traditional solutions that co-package a standalone MEMS device and an IC.

“The Silicon Clocks team has created a very innovative MEMS technology that is designed to be compatible with standard CMOS mixed-signal ICs, enabling a new category of timing products that reduce system cost and optimize performance in a tiny footprint,” said Mark Downing, vice president of business development and corporate strategy for Silicon Laboratories. “In addition, we believe this is a strategic technology platform uniquely capable of integrating several different MEMS with their associated CMOS circuitry on the same monolithic die.”

Silicon Clocks will augment Silicon Labs’ R&D team and bring 20 key patents to the company.

About Silicon Clocks
Headquartered in Fremont, CA, Silicon Clocks was founded in 2006 to develop high performance semiconductor timing and sensor designs and its patented CMEMS™ technology. Silicon Clocks was backed by leading venture investors including Tallwood Venture Capital, Charles River Ventures, Formative Ventures, Lux Capital and Silicon Labs. For more information visit www.siliconclocks.com

About Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of high-performance, analog-intensive, mixed-signal ICs. Developed by a world-class engineering team with unsurpassed expertise in mixed-signal design, Silicon Labs’ diverse portfolio of highly-integrated, easy-to-use products offers customers significant advantages in performance, size and power consumption. These patented solutions serve a broad set of markets and applications including consumer, communications, computing, industrial and automotive.

Headquartered in Austin, TX, Silicon Labs is a global enterprise with operations, sales and design activities worldwide. The company is committed to contributing to our customers’ success by recruiting the highest quality talent to create industry-changing innovations. For more information about Silicon Labs, please visit www.silabs.com

Thursday, April 22, 2010

IDT Acquires Power Module VRM Assets of IKOR, a Subsidiary of iWatt Corporation

SAN JOSE, Calif.--(BUSINESS WIRE)--Integrated Device Technology, Inc. (IDT®) (NASDAQ:IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced it has acquired the assets of IKOR, a former subsidiary of iWatt Corporation that manufactures power module VRM solutions for high-performance computing. The all-cash transaction closed on April 16, 2010 and has already received appropriate board approvals.

“IKOR’s innovative power technology complements IDT’s growing power management initiative, allowing us to achieve higher levels of performance and integration,” said Dr. Ted Tewksbury, president and CEO of IDT. “The strength of IKOR’s patented coupled inductor technology uniquely positions IDT to serve the high-performance power management demands of the enterprise computing segment. We welcome IKOR’s expert team of power engineers to the growing analog team at IDT.”

About IDT

With the goal of continuously improving the digital media experience, IDT integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that help customers overcome their system challenges. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT is accessible at www.IDT.com.

Zenverge Closes $30 Million Series C Financing Led by Battery Ventures

CUPERTINO, Calif.--(BUSINESS WIRE)--Zenverge, Inc., a leading developer of Advanced Media ICs, today announced that it has closed a $30 million Series C round of financing led by Battery Ventures. The company will use this round to ramp production and expand marketing and development activities to maintain its dramatic competitive advantage and broaden product offerings. Existing investors, DCM, Norwest Venture Partners (NVP), and Motorola Ventures joined Battery Ventures in this round. Zenverge also announced today the appointment of Mr. Ken Lawler, general partner at Battery Ventures, to its board of directors.

Based on the Zenverge Entertainment Nexus (ZEN), a groundbreaking new architecture for HD media convergence, the ZN200 and ZN100 product classes represent industry-leading video quality and performance for media transcoding, encoding and decoding at the lowest system cost. Both classes of products are now shipping to select tier-one consumer electronics and operator equipment manufacturers worldwide, enabling them to provide consumers higher quality, universal access to all sources of content. Devices being powered by Zenverge products include HDTVs, Blu-ray recorders, set-top boxes, multimedia NAS devices, portable device adapters, PCs and network video equipment.

“We’re seeing great excitement around our ICs and the products into which they are designed. Digital media is being produced and consumed on more devices and at higher quality than ever before and we’re at the heart of it all. This funding gives us the financial strength to support the explosive growth we anticipate over the coming months,” said Zenverge CEO, Amir Mobini, “Battery’s strong semiconductor track record and synergistic portfolio will be of great value to Zenverge at this stage of our growth, and we welcome Ken to our board. Battery’s participation in MaxLinear, the first U.S., venture-backed semiconductor company founded since 2002 to go public, is a great testament to the firm’s value in our space.”

”We’ve been long-time semiconductor investors, and remain bullish where many others have backed off,” said Ken Lawler, general partner, Battery Ventures. “Although bullish, we are very selective in our investments. But when you see a team and technology like Zenverge, you jump at it. Their architecture addresses the problems at the heart of video applications – storage and reformatting – giving consumers anytime, any device access to video content. This is a team that knows each other well, has highly defensible technology and major design wins under its belt. We look forward to supporting them as they continue to carve out a leadership role in the market.”

“We are excited to be working with our new investment partner Battery Ventures,” said DCM general partner, Carl Amdahl. “With this new infusion of capital, Zenverge has the means to aggressively pursue leadership in video transcoding, a market that only continues to grow as consumers produce and view more video content on many more types of devices and formats.”

“Zenverge’s ability to raise $30 million in this challenging semiconductor venture market is a testament to the quality of the team and the efficacy of the products in the market. We look forward to working with management and the other investors to build the leading media IC company in the industry,” said Robert Abbott, general partner, Norwest Venture Partners.

"We are witnessing the explosive growth of video content on the one hand and new device categories for consuming video on the other hand," said Reese Schroeder, managing director, Motorola Ventures. "Motorola has been at the forefront of this video revolution by working with content partners and operators to deliver this content to revolutionary new devices across networks. There is an opportunity for Zenverge's technology to facilitate the video transformation that occurs at various points from video creation to initial delivery to enabling media mobility."

About Zenverge

Founded in 2005, Zenverge is a fabless semiconductor company devoted to accelerating consumer access to next generation digital content and services. The company is a leading developer of Advanced Media ICs built around the patented ZEN architecture, a core technology for next generation digital media devices. The company is based in Cupertino, California. For more information please visit the company website: www.zenverge.com.

Tuesday, April 20, 2010

Synerchip Raises $10.5 Million Series C Round

GUANGZHOU, China & SUNNYVALE, Calif.--(BUSINESS WIRE)--Synerchip Co. Ltd., a provider of innovative high-speed digital interface semiconductors, today announced that it has closed a $10.5 million dollar Series C round led by JAFCO Asia and Pac-Link Capital. Existing investors Spirox, Magic Shares, Shinden and Synerchip CEO, David Lee, participated in the financing.

Synerchip is a driving force behind Digital Interactive Interface for Video & Audio™ (DiiVA™). Focused on elevating the home entertainment experience to a higher level, DiiVA enables consumer electronics devices to connect to one another in a network, carrying uncompressed video, audio, USB, Ethernet, content protection and power over a single low-cost cable. The DiiVA network brings consumers the following advantages: establishes the TV as the point of interaction for all devices on the network, enables content-based versus connection-based navigation, offers shared internet and USB access to content, and provides integration of mobile and portable devices and support for 3D formats and 4K displays—making possible the ultimate intuitive and interactive digital entertainment experience.

The closing of this financing combined with the successful tape-out of the world’s first DiiVA transmitter and receiver chips, the opening of its Guangzhou office and support from both the Chinese government and industry, mark the start of Synerchip’s growth phase.

“We have been on a roll, from the endorsement of DiiVA by the chairman of Hisense in his CES keynote speech, the addition of Samsung and Sony as DiiVA promoters, the successful tape-out of the world’s first DiiVA chips to the financial support of leading investors JAFCO Asia and Pac-Link together with the financial support of the Chinese government,” said David Lee, Synerchip’s chairman and CEO.

“We are excited by the market opportunity for DiiVA and impressed with Synerchip’s plan to be market leaders in promoting and delivering DiiVA IC solutions,” said Junitsu Uchikata, managing director of JAFCO Asia. “After speaking with potential customers, partners and Chinese governmental officials, we are confident that DiiVA and Synerchip will be highly successful. We looked at the competing technology, including HDMI 1.4, DisplayPort and Wi-Fi, and believe DiiVA is the only technology that enables true home networking of uncompressed video that consumers will demand.”

“We believe that the management team’s prior experience in making HDMI a ubiquitous world standard and applying that expertise to the enormous China and home networking markets is a winning combination and lends great promise for Synerchip’s future success,” said Ming Hsu, general partner of Pac-Link.

Lee added, “While the Series C round was oversubscribed, we felt that JAFCO and Pac-Link’s track record of working with companies successful in the Asia market, made them ideal leaders for the Series C financing.”

About Synerchip

Synerchip is a private fabless semiconductor company developing innovative high-speed digital interface technology for consumer electronics networks to securely and reliably send and receive video, audio and data simultaneously to maximize the home entertainment experience. With operations in Silicon Valley and Asia, the company strives to bring cost-effective, innovative technology to global markets. Synerchip is a DiiVA Promoter and founding member of the DiiVA Consortium. For more information, visit www.synerchip.com

About JAFCO Asia

JAFCO Asia is one of the leading brands in the venture capital industry in the Asia Pacific region. Its primary focus is to invest in promising technology enterprises with high-growth potential. Headquartered in Singapore, and with offices in Shanghai, Beijing, Hong Kong, Taipei and Seoul, JAFCO Asia has around $650M in aggregate funds under management. It is an operating subsidiary of JAFCO Co. Ltd, which is part of the Nomura group of companies and one of the largest private equity firms in Japan with $4B under management and is listed on the Tokyo Stock Exchange.

About Pac-Link

Founded in 1998, Pac-Link has established itself as a professional venture capital management firm. Up to now, Pac-Link has managed ten funds, with a total fund size growing from US$30M to US$430M. Ever since its establishment, Pac-Link has invested and assisted over 160 portfolio companies to grow their business. The portfolio covers a wide range of industries, including auto, communication, semiconductor, optical electronics, and life sciences, mostly in Asia and North America.

Monday, April 12, 2010

Maxim to acquire Teridian for $315M

SUNNYVALE, CA– April 12, 2010 – Maxim Integrated Products, Inc. (NASDAQ:MXIM) announced today that it has entered into a definitive agreement to acquire privately held Teridian Semiconductor Corporation for approximately $315 million in cash.

Acquisition Highlights:

• The acquisition firmly positions Maxim as the technology leader for providing energy measurement and communications electronics to the attractive Smart Meter market.

• Teridian has 50% share in the fast growing system-on-chip (SoC) energy measurement market. Its SoCs, which integrate a highly-accurate analog front end, a microcontroller, and a display driver, are quickly replacing discrete solutions.

• Maxim will build on Teridian’s market position to accelerate sales of Maxim’s existing power management, real-time clock, and interface products, as well as security IP, which are all required in Smart Meters.

• Additionally, Maxim will leverage Teridian’s market position to accelerate the adoption of Maxim’s technology-leading G3 Powerline Communications (PLC) products for use in Smart Meters and high-reliability Smart Grid deployments worldwide.

• The acquisition is immediately accretive excluding acquisition-related charges and amortization.

Teridian is a fabless semiconductor company headquartered in Irvine, California. It is a major supplier to 3 of the top 4 major meter manufacturers in the U.S. and to over 50 meter manufacturers globally.

Teridian’s deep system knowledge and strong customer relationships enables Maxim to address the different specifications required of Smart Meters in all regions throughout the world.

Teridian’s key technical differentiator is its innovative architecture which delivers the most accurate power measurement over the widest dynamic range. To optimize time-to-market and reduce cost, meter manufacturers will continue to demand increasing levels of integration and complete system-level solutions. Maxim’s demonstrated ability to combine multiple mixed signal functions will be extremely synergistic in producing highly-integrated SoCs and complete system solutions that meet these requirements.

Smart Meter units using both SoC and multi-chip solutions are estimated to grow 10% annually through 2014. Since SoC based implementations are estimated to go from approximately one third of Smart Meters to a substantial majority over that same period, the demand for SoCs will increase at a much faster pace. Maxim projects its serviceable available market (SAM) for the energy measurement portion of Smart Meters to reach $380 million by 2014. In addition, the Company estimates an additional $375 million of SAM in fiscal year 2014 for other Maxim support and communications products used in Smart Meters and related Smart Grid
applications.

Maxim CEO Tunc Doluca remarked, “Global Smart Grid investment is essential to use power plants and transmission networks more efficiently. Energy measurement and grid communications are key components of the smart grid and necessitate the deployment of new electronic meters to replace older meters worldwide. The addition of the Teridian team and product line to Maxim will significantly accelerate our penetration in this fast-developing market and will help us maintain our balanced business model.”

Teridian CEO, Jerry Fitch commented “Teridian is working with manufacturers to enable the global trend toward improving energy efficiency and conservation via ubiquitous energy measurement. As part of Maxim, we will be able to provide more comprehensive solutions to these customers.”

Shocking Technology Completes Series B-1 Round at $13.2M

SAN JOSE, Calif.--(BUSINESS WIRE)-- Shocking Technologies, an embedded ESD solutions company, announces today they raised an additional $5.2 million in its B-1 round completing the round at $13.2 million. The money will be used to speed the build out of manufacturing in the next several months as well as to continue to build our world class team.

“We are seeing increasing interest in our embedded ESD solutions from multiple top tier companies and in products from cell phones, portable electronics, memory devices and semiconductors it has become evident we need to scale faster to meet the demand. Our investors have been both enthusiastic and supportive of the need to grow faster and support our customers due to the successes in our initial trials. Shocking will increase our staff 33% over the next several months and over 50% for the year, we are lucky there are many talented people in the valley looking for a high growth opportunity at this time,” said Lex Kosowsky, President and CEO.

Last week our partner Viking Modular Solutions, a division of Sanmina-SCI, brought Shocking’s first product to market, a CF card that can achieve 30KV protection. We are expecting further announcements in memory devices, cell phones, portable electronics and semiconductors later this year. Shocking is proud to not only provide our customers with an alternative ESD technology that saves time to market, space and cost but to provide a total solution to the problem.

About Shocking Technologies, Inc.
Shocking Technologies, Inc. is a privately held, venture-backed company developing Voltage Switchable Dielectric™ (VSD™) materials. A VSD™ material is a polymer nano-composite that behaves like an insulator (dielectric) during normal circuit operation and becomes conductive when the voltage across the VSD™ material increases beyond a predefined threshold voltage. After the voltage drops below the threshold again, it switches back to an insulator. This unique property, coupled with the ability to tailor the response of the material, opens up several new areas in electronics. More information regarding the company is available at www.shockingtech.com.