Friday, October 29, 2010
Wednesday, October 27, 2010
IRVINE, Calif., Oct. 26 /PRNewswire-FirstCall/ -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has signed a definitive agreement to acquire Percello Ltd., a privately-held company that develops system-on-a-chip (SoC) solutions for femtocells. Femtocells are small, low power cellular base stations that extend coverage indoors where signals are weak. Used primarily in residential and enterprise business settings, femtocells communicate with a service provider's network through a broadband connection, allowing users to continue using their mobile devices without losing connectivity. The acquisition of Percello is expected to enable Broadcom to lower overall bill of material cost and accelerate the time to market for best-in-class and energy-efficient femtocell technology.
"Percello's energy-efficient and cost-optimized femtocell architecture augments our portfolio of highly integrated solutions for broadband connectivity and provides significant benefits for our customers and end users," said Greg Fischer, Vice President and General Manager of Broadcom's Broadband Carrier Access line of business. "As wireless data usage continues to expand, this technology is well-positioned to enable wireless carriers to offload both data and voice traffic, while offering subscribers better cell reception in the home and office and accelerating the introduction of new 'converged' mobile broadband services."
"Percello's femtocell technology delivers a simple and cost-effective solution that enables service providers to quickly and easily extend wireless cellular access as well as offering advanced applications and services to their subscribers," saidShlomo Gadot, Chief Executive Officer, Percello. "The combination of Percello's high performance femtocell solutions and Broadcom's broadband portfolio provides significant benefits including greater efficiencies, accelerated time to market and a world-class technology and engineering talent base."
"The femtocell market has turned the corner in 2010 with more than 1 million femtocells global shipments expected by conservative estimates this year. By 2015 we see more than 50 million femtocells being shipped annually with WCDMA femtocells making up the bulk of the market," said Aditya Kaul, Practice Director, Mobile Networks, ABI Research. "This is driven by the consumers' desire to be connected at all times, the need for increased data capacity in networks coupled with wireless service providers deploying fast, simple and cost-effective upgrades to support base stations and accelerate the introduction of advanced services like presence and location based alerts, multimedia syncing and sharing, smart phone applications and enhanced mobile video services to their subscribers."
In connection with the acquisition, Broadcom expects to pay approximately $86 million, net of cash assumed from Percello, to acquire all of the outstanding shares of capital stock and other rights of Percello. The purchase price will be paid in cash, except that a portion of such purchase price attributable to unvested employee stock options will be paid in Broadcom restricted stock units. Additional consideration of up to $12 million in cash will be reserved for future payment to the former holders of Percello capital stock and other rights upon satisfaction of certain performance goals. A portion of the cash consideration payable to the stockholders will be placed into escrow to cover indemnity obligations. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Percello to be approximately neutral to earnings per share in 2011. The boards of directors of the two companies have approved the acquisition. The transaction is expected to close in Broadcom's fourth quarter, 2010 or by the end of Broadcom's first quarter, March 31, 2011 and remains subject to customary closing conditions.
Percello is a fabless semiconductor company offering highly integrated and low-cost digital baseband processors for WCDMA and LTE Femtocells. Founded in 2007, Percello provides innovative and customized solutions that address the key business and technological challenges of equipment vendors in the emerging Femtocell market. Percello's proven Femtocell SoC offerings reduce costs, lower power consumption, ease integration efforts, shorten development time and enhance flexibility.
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything®.
Broadcom, one of the world's largest fabless communications semiconductor companies, with 2009 revenue of $4.49 billion, and holds more than 4,500 U.S. and 1,900 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
Monday, October 25, 2010
Friday, October 22, 2010
STARKVILLE, Miss. & SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced a strategic investment in SemiSouth Laboratories, Inc., a Mississippi-based manufacturer of high-voltage silicon-carbide (SiC) semiconductor devices. Power Integrations’ commitment of $30 million, which includes an equity investment in SemiSouth, a technology license and other financial commitments, will help drive the continued expansion of SemiSouth’s SiC fabrication facility and spur continued growth of clean-tech jobs in Mississippi. The companies will collaborate to drive adoption of SemiSouth’s SiC technology, which enables ultra-efficient power conversion for solar and wind inverters, hybrid/electric vehicles and other applications that benefit from exceptionally high energy efficiency.
“SemiSouth has made impressive breakthroughs in the development of silicon-carbide technology, attaining exceptionally high levels of efficiency and establishing SiC as an enabler of clean technologies such as solar energy and hybrid/electric vehicles,” stated Balu Balakrishnan, president and CEO of Power Integrations. “With a mutual focus on energy-efficient high-voltage semiconductor technology, Power Integrations and SemiSouth are natural strategic partners. We are particularly enthusiastic about investing in Mississippi’s emerging high-tech sector, where strong support from government and the academic community has created an environment highly conducive to innovation and private-sector investment.”The new relationship will be formally announced today at SemiSouth’s Starkville headquarters, located in the Thad Cochran Technology Park. A number of notable public officials will be on hand for the announcement, including Mississippi Governor Haley Barbour, U.S. Representative Gregg Harper, and Dr. Mark Keenum, president of Mississippi State University.
"Today's announcement is a testament to SemiSouth's success and to Mississippi’s growing stature as a center for technology and innovation," said Mississippi Governor Haley Barbour. “As a leader in automotive manufacturing, Mississippi understands the strategic importance of advanced power electronics, which are becoming a critical part of the supply chain as the industry migrates to hybrid/electric vehicles. Home-grown innovations like SemiSouth’s SiC technology represent a tremendous economic opportunity for our state. We welcome Power Integrations’ involvement in SemiSouth and Mississippi's clean-tech initiatives."
Added Kenney Roberts, president and CEO of SemiSouth, “SemiSouth has recently been recognized by its customers for having world-record, cost-effective, energy-efficient power semiconductor electronic products based on SiC technology. In response to unprecedented global demand for our products in energy-sensitive markets such as solar inverters, server power supplies, wind inverters, and electric vehicle development, we needed to find the right investor willing to share our vision of expansion. We welcome Power Integrations’ investment in SemiSouth’s future, to allow us to quickly expand and serve our customers on a much broader scale.”
"I applaud SemiSouth for their success in creating new clean-tech jobs for Mississippians and helping transform our state into a technology hub that will drive the future's renewable energy technologies," said U.S. Representative Gregg Harper, a freshman from Mississippi’s Third Congressional District. “Working in tandem, SemiSouth and Power Integrations are fostering the development of clean technologies that will provide renewable energy solutions throughout the world."
Founded in 2000 as a spin-out from Mississippi State University, SemiSouth is a privately held, venture-backed semiconductor company with more than 20 U.S. patents in the emerging field of high-efficiency silicon-carbide power devices. The company’s products, which include 1200 V and 1700 V transistors as well as high-voltage diodes and power modules, enable ultra-efficient power conversion and power management in applications ranging from three kilowatts to 100 kilowatts today, with products in development to serve applications up to one megawatt. The company operates a 10,000-square-foot clean-room facility at its Starkville headquarters, where it employs more than 70 people.
Power Integrations, based in San Jose, Calif., pioneered the market for high-voltage integrated circuits used in AC-DC power supplies. The company’s EcoSmart™ energy-efficiency technology drastically cuts standby energy consumption, the power wasted by electronic products that are plugged in but not in use. The company has sold nearly four billion EcoSmartchips since 1998, saving an estimated $4.4 billion of standby power and preventing millions of tons of carbon emissions. The company’s chips can be found in all manner of electronic products including computers, appliances, mobile-phone chargers, consumer electronics and LED lights.
About Power Integrations
Power Integrations is the leading supplier of high-voltage integrated circuits used in energy-efficient power conversion. The company’s innovative technology enables compact, energy-efficient power supplies in a wide range of electronic products, in AC-DC, DC-DC and LED lighting applications. Since its introduction in 1998, Power Integrations’ EcoSmart energy-efficiency technology has saved an estimated $4.4 billion of standby energy waste and prevented millions of tons of CO2 emissions. The company’s Green Room web site provides a wealth of information about “energy vampires” and the issue of standby energy waste, along with a comprehensive guide to energy-efficiency standards around the world. Reflecting the environmental benefits of EcoSmart technology, Power Integrations is included in clean-technology stock indices sponsored by the Cleantech Group (Amex: CTIUS) and Clean Edge(Nasdaq: CELS). For more information, please visit www.powerint.com.
About SemiSouth Laboratories
SemiSouth, a privately owned corporation with offices in Starkville, Mississippi, focuses on SiC power devices and electronics. It was formed in 2000 and has sold products globally through direct sales or distributors since 2005. It introduced the world’s first commercial, cost-effective normally-off SiC JFET in 2008, enabling world-record energy (over 99%) efficiency for its customers’ products in solar inverters. SemiSouth has also been recognized as a leader in energy-efficient and/or harsh-environment solutions for customers in solar, industrial power supplies, wind, electric vehicles, military-aerospace, and other key markets. More information can be obtained from its website, www.semisouth.com.
Thursday, October 21, 2010
SANTA CLARA, Calif.--(BUSINESS WIRE)--PMC-Sierra, Inc. (NASDAQ:PMCS), the premier Internet infrastructure semiconductor solution provider, today announced that it has signed a definitive agreement to acquire Wintegra Inc., a leading provider of highly integrated network processors optimized for mobile backhaul equipment.
Wintegra’s WinPath™ family of network processors – combined with their field-proven networking software – is used in 3G/4G base stations, fiber and microwave cell-site routers, as well as radio network controllers deployed globally in mobile networks. These single-chip solutions enable carriers to increase throughput on their mobile backhaul networks while successfully scaling and migrating to packet-based architectures.Mobile networks worldwide are reaching a breaking point driven by the explosive growth in video and data traffic fueled by the rapid adoption of 3G and 4G smartphones, tablets and netbooks. Carriers are entering into multi-year upgrades of their mobile backhaul equipment as they transition from TDM to packet-based architecture. Packet-based mobile backhaul enables carriers to cost-effectively scale bandwidth capacity to accommodate the increasing levels of media streaming that drives the projected 10 times growth in mobile data traffic over the next three to four years.
The acquisition accelerates PMC-Sierra’s product offering in the IP/Ethernet packet-based mobile backhaul equipment market segment, which is expected to grow 35 percent annually from $1.2 billion in 2009 to $5.5 billion in 2014, according to Infonetics research1.
This acquisition fits strategically with PMC-Sierra’s overall efforts to accelerate the transition of existing communications equipment to converged, packet-centric solutions. Today, PMC-Sierra is the leading provider of residential access with Passive Optical Networking (PON) solutions as well as end-to-end multi-service Optical Transport Network (OTN) solutions for Metro networks. Wintegra extends PMC-Sierra’s offerings into IP-based mobile backhaul solutions required by carriers as they upgrade their infrastructure to capture growing 3G/4G wireless data service revenues.
“Carriers are moving rapidly to IP-based mobile backhaul, and Wintegra’s product offering is uniquely positioned to enable this packet transition and breakthrough the bandwidth bottlenecks faced in mobile networks,” said Greg Lang, president and chief executive officer of PMC-Sierra. “Combined with our broad portfolio of communications infrastructure products, PMC-Sierra is leading the industry in the migration to IP-based networks in mobile backhaul, metro optical transport, and residential Fiber To The Home.”
“We’ve already been partnering with PMC-Sierra to create mobile backhaul solutions that combine our multi-service WinPath processors and networking software with PMC-Sierra’s extensive portfolio of framers and mappers,” said Kobi Ben-Zvi, founder and chief executive officer of Wintegra. “Given the strong strategic fit between the two companies, joining forces will allow us to further accelerate the industry’s transition to IP-based networks.”
Wintegra has 165 employees with the majority of its R&D development team located in Ra’anana, Israel, and Austin, Texas. The acquisition of Wintegra expands PMC-Sierra’s presence in Israel, where its FTTH business is based. Wintegra’s founders, Kobi Ben-Zvi and Robert O’Dell, will join PMC-Sierra and bring an exceptional team with strong expertise in silicon design, networking software, and system integration.
Under the terms of the deal, PMC-Sierra will pay Wintegra $240 million in cash consideration less an estimated net cash amount of $27 million on Wintegra’s balance sheet at time of closing, for a net purchase price of $213 million. PMC-Sierra intends to use its existing balance sheet cash to finance the acquisition. Further, up to an additional $60 million of cash consideration may be paid if certain growth and performance milestones are reached by the end of 2011. The acquisition has been approved by both companies’ board of directors and is expected to close in the fourth quarter of 2010 subject to customary closing conditions and regulatory approvals. The transaction is expected to be immediately accretive to PMC-Sierra’s earnings.
Wednesday, October 20, 2010
BEVERLY, Mass., Oct. 20 /PRNewswire/ -- SiOnyx Inc., a leading innovator in high-performance photonics, today announced that it has successfully completed its series B financing, closing at $12.5 million. New investors Coherent Inc., Crosslink Capitaland Vulcan Capital joined existing investors Polaris Venture Partners and Harris & Harris to complete the round. There are no resulting changes to SiOnyx's board of directors.
"The addition of a strategic partner and two top-tier venture capital firms to our series B syndicate underscores the tremendous economic potential of SiOnyx's innovation," said Stephen Saylor, CEO of SiOnyx. "Our early success in delivering record-breaking performance in applications from simple light detection to thin-film photovoltaics has fueled our momentum. With this new funding, SiOnyx will launch our first commercial products and expand the suite of solutions offered to our strategic partners."
SiOnyx is commercializing a fundamentally new semiconductor processing technique that represents a breakthrough in the development of smaller, cheaper, high-performing silicon photonic devices. The company recently demonstrated record-breaking photosensitivity in collaboration with the Army Research Office (ARO) and is currently working with a number of industry and government partners to advance the use of its technology.
"Coherent's investment in SiOnyx, one of our strategic partners, reflects our confidence in the company and its technology to help us capture new opportunities in the photovoltaic industry as it continues to expand towards grid parity," said John Ambroseo, Coherent President and Chief Executive Officer.
Vulcan Capital, the venture investment firm founded by Microsoft co-founder Paul Allen, is impressed by SiOnyx's novel technology platform. Venture partner Jill Watz added: "We expect the disruptive nature of SiOnyx's technology to create entirely new product categories and deliver powerful performance enhancements to the multi-billion dollar market for silicon photonics."
Based on a novel laser implant method first discovered at Harvard and commonly referred to as 'Black Silicon,' SiOnyx's patented semiconductor process dramatically enhances the performance of light-sensing devices across a range of applications in the consumer, industrial, medical and defense industries.
About Coherent, Inc.
Founded in 1966, Coherent, Inc. is a Russell 2000 Index company and a world leader in providing laser-based solutions to the commercial and scientific research markets. For more information about Coherent, including product and financial updates, visit our website at http://www.Coherent.com.
About Crosslink Capital
Founded in 1989, Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over $1.5 billionin capital under management. Crosslink was among the first and largest investment firms in the U.S. to integrate public and private technology investing. This strategy allows Crosslink to partner with its portfolio companies on a long-term basis. With more than 20 years behind it, Crosslink Capital has invested in over 90 private equity portfolio companies, including Miller Heiman, Omniture (acquired by Adobe Systems) Pandora, SeaMicro, Twin Creeks Technologies, Virage Logic, and Yipes (acquired by Reliance Communications). For more information on Crosslink, visit http://www.crosslinkcapital.com.
About Vulcan Capital
Vulcan Capital is the private investment arm of Vulcan Inc., the company founded by Paul G. Allen in 1986 to manage his philanthropic and business initiatives. Vulcan Capital is focused on generating long-term value appreciation across a multibillion dollar portfolio, which spans diverse industry sectors and investment asset classes, ranging from early-stage venture investments to public equity value investing, leveraged buyouts, acquisitions, and distressed situations.
SiOnyx is a leading innovator in high-performance photonics serving the consumer, industrial, medical and defense industries. SiOnyx's patented semiconductor process dramatically enhances the performance of light-sensing devices, delivering hundreds of times more sensitivity to light than traditional silicon. As a result, SiOnyx's platform represents a significant breakthrough in the development of smaller, cheaper, high-performing photonic devices in applications ranging from simple light detection to advanced digital imaging, photovoltaics and more. Additional information about SiOnyx is available at www.sionyx.com.
Wednesday, October 13, 2010
Tuesday, October 12, 2010
AUSTIN, Texas, October 12, 2010 - Silicon Laboratories Inc. (Nasdaq: SLAB) today announced the acquisition of Ireland-based ChipSensors Limited, an early stage technology company creating innovative single-chip CMOS sensors designed to detect temperature, humidity and gases. ChipSensors’ technology complements Silicon Labs’ touch, proximity sensing and recently acquired MEMS technology, expanding the company’s capabilities in CMOS-based sensors.
ChipSensors, a fabless semiconductor company, has an experienced management and technology team with extensive materials science and mixed-signal design expertise. The company has leveraged these capabilities to develop novel sensor technology that addresses a wide range of target markets such as thermostats, automotive climate control, printers, wireless sensor networks, security systems, gas leak detectors, white goods, and food and drug transportation.
Historically, sensors have been manufactured using specialized materials and manufacturing processes that demand external support circuitry and post-assembly calibration. ChipSensors’ proprietary, patented technology can enable the sensors, signal conditioning circuits and RF transceiver functions, together with the microcontroller and memory, to be integrated and calibrated in a single CMOS IC. These highly integrated devices provide a cost-effective solution to precision sensing for high-volume applications.
“In addition to a strong alignment with Silicon Labs’ existing sensor-related R&D efforts, ChipSensors’ technology also offers synergy with our existing MCU and wireless products, targeting similar end market applications and therefore enabling more content per system and unique integration opportunities,” said Mark Downing, vice president of corporate strategy and business development for Silicon Laboratories.
“Joining forces with Silicon Labs provides us with an exceptional opportunity to both collaborate with a team that has a reputation for the highest caliber mixed-signal engineering and potentially grow the design team in Ireland to take advantage of the strong local technical talent,” said Tim Cummins, CEO and founder of ChipSensors.
Headquartered in Limerick, Ireland, ChipSensors was funded by Kernel Capital, Enterprise Ireland and ETV Capital. For more information, visit www.chipsensors.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.