Tuesday, December 28, 2010

Broadcom Completes Acquisition of Gigle Networks Inc.

IRVINE, Calif., Dec. 28, 2010 /PRNewswire-FirstCall/ -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed the acquisition of Gigle Networks Inc., a privately-held company that develops system-on-a-chip (SoC) solutions for home networking over power lines.


In connection with the acquisition, Broadcom paid approximately $75 million to acquire all of the outstanding shares of capital stock and other rights of Gigle Networks Inc. The purchase price was paid in cash, except that holders of unvested employee stock options will receive Broadcom equity awards. A portion of the cash consideration payable to the stockholders was placed into escrow. Additional consideration was reserved for future payment upon satisfaction of certain performance goals.


Excluding any purchase accounting related adjustments or fair value measurements, Broadcom expects the acquisition of Gigle Networks Inc. to be dilutive by approximately $0.01 per share in 2011.

Wednesday, December 22, 2010

Zarlink invests $5M in Multigig

Zarlink Semiconductor (TSX: ZL) and Multigig, Inc. today announced that Zarlink has invested US$5 million as part of a US$10 million Series C financing in Multigig, a fabless semiconductor company that provides advanced clock generation and timing products for the wired and wireless communications markets. CMEA Capital and Sierra Ventures also participated in the financing.

Multigig will use the financing to invest in the continuing development of its RotaryWave™ timing technology. RotaryWave technology delivers clocks with extremely low jitter for high-speed communication applications.

"There is growing demand for new timing technologies for wired and wireless applications," said Kirk Mandy, President and CEO, Zarlink Semiconductor. "Multigig's timing technologies deliver performance, cost and power advantages across a widening range of telecom, communications, networking, server and storage applications."

"Multigig is pleased to have Zarlink as a strategic investor in our Series C financing," said Michael Canning, President and CEO, Multigig, Inc. "Our current products represent a significant advance in timing technology. However, there is much more that we can achieve with RotaryWave in terms of increased integration and improved performance. This Series C financing will help us reach that goal."

About Zarlink Semiconductor
Zarlink Semiconductor delivers world-leading, mixed-signal chip technologies for a broad range of communication and medical applications. The Company's core capabilities include network timing solutions that manage time-sensitive communication applications over wireless and wired networks, line circuits supporting high-quality voice services over cable and broadband connections, and ultra low-power radios enabling new wireless medical devices and therapies. Serving the world's largest original equipment manufacturers, Zarlink's highly integrated chip solutions help customers simplify design, lower costs and reach market quickly. For more information, visit
www.zarlink.com.

About Multigig, Inc.
Multigig, Inc. is a fabless semiconductor company that provides advanced next generation clock and timing solutions for the wired and wireless communications markets. Over 30 issued patents protect Multigig's proprietary technology. Visit Multigig online at www.multigig.com.

Tuesday, December 14, 2010

Altera Acquires Avalon Microelectronics

SAN JOSE, Calif., Dec. 14, 2010--Altera Corporation (Nasdaq: ALTR) announced today it has acquired Avalon Microelectronics Inc., an industry leader in flexible Optical Transport Network (OTN) IP, for use in its FPGA and ASIC products. With the acquisition of Avalon, Altera expands its portfolio of customizable IP solutions for OTN applications, supporting data rates at 1.2G, 2.5G and 10G, as well as 40G and 100G.

“As FPGAs increasingly replace ASICs and ASSPs in the heart of many systems, Altera is delivering more system-level technologies and solutions to our customers,” said Don Faria, senior vice president, Communication and Broadcast Business Division, at Altera. “Avalon has been a key partner for many years and is the sole IP supplier for the 100G OTN solutions implemented in our FPGAs. With its strong system expertise in transmission applications and detailed FPGA knowledge, Avalon has established itself as a key provider to numerous top-tier communications infrastructure OEMs. We are excited to have Avalon join the Altera family.”

As communications network bandwidth requirements grow exponentially to support video data (which comprises over 90% of consumer traffic), service providers need equipment providing flexible provisioning and seamless upgradeability for next-generation standards, such as 100G and 400G. The optical wavelength-division multiplexing (WDM) equipment market is expected to grow from $6.7B to $10.4B, or 56 percent from 2010 to 2014, with 40G and 100G deployments leading the way(1). Because new optical protocol standards are being developed simultaneously with new equipment design, equipment manufacturers require flexible hardware solutions using FPGAs with future cost-reduction paths such as Altera's HardCopy™ ASICs.

“Our customers require flexible OTN solutions that can operate at very high data rates,” said Wally Haas, Avalon's founder and chief technology officer. “Aligning two companies that are leaders in their respective space just makes a lot of sense, and we could not be more pleased joining Altera. Altera's 28-nm and 40-nm product portfolio demonstrates their leadership in high-performance flexible silicon platforms for the communications market. The integration of our two companies' technologies and expertise will dramatically accelerate our communications customers' time to market with next-generation optical networks, as our combined customizable IP enables our customers' differentiation in their market.”

Terms have not been disclosed on the acquisition, which is not a material financial matter for Altera.

Monday, December 13, 2010

AltoBeam Closed Series C Funding

BEIJING--(BUSINESS WIRE)--AltoBeam, a developer of advanced DTV demodulators, today announced that it has successfully closed a 6 million US dollars round of Series C funding, led by US Venture Partners (USVP). Subsequently, Irwin Federman and David Liddle, partners of USVP and veterans in the semiconductor industry and investment community, joined AltoBeam’s Board of Directors. AltoBeam’s long-term investors, DFJ DragonFund, Tano Capital, and PYJ-Dynasty Venture Fund, also participated in the round.

USVP is a highly regarded Tier-1 Silicon Valley venture capital firm that has helped build great companies for three decades. Its investment portfolio includes industry leaders in a variety of markets, such as Sun Microsystems and AMCC.

AltoBeam’s advanced DTV demodulators have been adopted by a significant majority of global TV makers, and the successful close of the Series C round with USVP and its long-term investors demonstrates that the company has become a major player in CTTB/DTMB DTV semiconductor supply chain and won investors’ confidence.

Thursday, December 2, 2010