Saturday, February 26, 2011

International Rectifier Acquires CHiL Semiconductor

EL SEGUNDO, Calif.--(BUSINESS WIRE)--International Rectifier Corporation (IR) (NYSE:IRF) announced today that it has signed a definitive agreement to acquire privately held CHiL Semiconductor Corporation (CHiL) for $75 million in cash, subject to working capital adjustments. The acquisition expands IR’s technology by adding a leading digital power management platform that improves energy efficiency in a wide variety of applications, including computing systems, graphics, servers and gaming.

CHiL uses patented digital techniques in combination with mixed signal technology to deliver high performance multi-phase power solutions that save energy. The open architecture approach to digital control, where customers can tailor power systems for cost and performance goals, enables significant board space and bill-of-materials reduction, integrating many analog features into the digital core of the technology.

“The addition of CHiL’s technology and expertise to our broad portfolio of industry leading products such as DirectFET™, PowIRstage™ and SupIRBuck™, offers IR’s customers a unique value proposition by providing a high performance, cost effective, complete end-to-end integrated solution,” stated Tim Phillips, Vice President and General Manager, Enterprise Power Business Unit of IR. “Digital power management is entering a rapid adoption phase and the addition of CHiL’s technology strengthens IR’s market position to capitalize on this growth opportunity.

“The acquisition is the next logical step after our successful strategic product relationship with CHiL during the past year and will augment IR’s talent base by adding an experienced digital power design and applications engineering team,” concluded Mr. Phillips.

“The increased focus on energy efficient products over the next decade is expected to drive an expanding use of digital power management in applications such as DC-DC converters, AC-DC converters, lighting, inverters and Class-D audio systems,” stated Vishwas Karve, Vice President, Strategy and Business Development of IR. “The acquisition of CHiL expands IR’s presence immediately in the high performance computing and graphics segments, over the medium-term in the server, storage and notebook end markets and longer-term across the Company’s other vertical end market segments including Energy-Savings Products, Automotive Products and HiRel business units.”

“IR’s focus on power management solutions and energy efficiency make it an ideal partner for our customers and employees,” stated Ram Sudireddy, Chief Executive Officer of CHiL Semiconductor. “As digital power management continues to expand, the combined technology of IR and CHiL can create a higher performance and lower cost solution enabling end users to create more energy efficient solutions. To date, CHiL has secured a significant number of design-wins across a wide spectrum of graphics, high performance computing and server platforms that IR can help grow.”

The transaction is expected to close in the first calendar quarter of 2011. The acquisition, which initially adds approximately $3 million of additional operating expenses per quarter, is expected to be accretive to IR’s earnings per share in the company’s 2012 fiscal year.
About International Rectifier

International Rectifier Corporation (NYSE:IRF) is a world leader in power management technology. IR’s analog, digital, and mixed signal ICs, and other advanced power management products, enable high performance computing and save energy in a wide variety of business and consumer applications. Leading manufacturers of computers, energy efficient appliances, lighting, automobiles, satellites, aircraft, and defense systems rely on IR’s power management solutions to power their next generation products. For more information, go to
www.irf.com.
About CHiL Semiconductor

CHiL Semiconductor Corporation develops high-performance, mixed-signal power management integrated circuits primarily targeted at servers, personal computers and other high-volume computing market segments. CHiL Semiconductor’s devices tightly integrate digital technology, precisely monitoring and controlling the power management process. Providing unique, intelligent features, CHiL devices yield significant system power efficiency and performance gains, while reducing system design and complexity. For more information, please visit
www.chilsemi.com.

Monday, February 14, 2011

InVisage Secures Series C Venture Funding led by Intel

MENLO PARK, CA and BARCELONA, SPAIN--(Marketwire - February 14, 2011) - Mobile World Congress -- InVisage Technologies, Inc. -- a Silicon Valley-based start-up that is revolutionizing the image sensor market -- today announced that it has received its series C round of venture funding, led by Intel Capital. The undisclosed amount will be used to bring the company's breakthroughQuantumFilm™ technology and products into mass production. Intel Capital joins InVisage's existing investors RockPort Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures.

"Image sensors for smart phones and handheld devices are a huge market opportunity and InVisage is well positioned to capture significant market share," says Dave Flanagan, managing director, Intel Capital. "InVisage is the first company in a while to think differently about image sensors and we are confident that its products will lead the imaging market on a new vector of innovation."

"The image sensor industry as a whole has focused entirely on increasing the number of pixels and has failed to see the big picture. As a result, there has been a lack of new ideas in the market for some time," says Jess Lee, CEO, InVisage Technologies. "InVisage's QuantumFilm technology will bring stunning image quality and advanced new features to an industry that is desperate for true innovation."

QuantumFilm was developed by InVisage after years of research at the University of Toronto and at InVisage. The technology is based on quantum dots -- semiconductors with unique light-capture properties. QuantumFilm works by capturing an imprint of a light image, and then employing the silicon beneath it to read out the image and turn it into versatile digital signals. InVisage spent three years engineering the quantum dot material to produce highly-sensitive image sensors that integrate with standard CMOS manufacturing processes. The first application of QuantumFilm will enable high performance in tiny form factors, breaking silicon's inherent performance-resolution tradeoff.

Initially targeting cameraphone applications, which is the largest and fastest growing portion of the image sensor market, InVisage Technologies' QuantumFilm will be sampling by summer, and could be in devices early next year. More information on QuantumFilm and InVisage Technologies is available at www.invisage.com.

About InVisage Technologies, Inc.

InVisage Technologies, Inc. is a venture-backed fabless semiconductor company based in Menlo Park, Calif. that is developing QuantumFilm, a breakthrough imaging-sensing technology that will replace silicon. Its first product enables high-fidelity, high resolution images from handheld devices like camera phones and digital cameras. Founded in 2006, InVisage Technologies is venture funded by Intel Capital, RockPort Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures. More information is available at www.invisage.com.

Thursday, February 10, 2011

Silicon Image Acquires Product Lines and IP from Anchor Bay

SUNNYVALE, Calif.--(BUSINESS WIRE)--Silicon Image, Inc. (NASDAQ:SIMG), a leader in advanced, interoperable HD connectivity solutions for consumer electronics, today announced it has completed the acquisition of select assets from privately held, Campbell, California-based Anchor Bay Technologies, Inc. (Anchor Bay). Acquired assets include Anchor Bay’s semiconductor, IP and DVDO systems products developed for the DTV and home theater markets.

The acquisition enhances Silicon Image’s existing portfolio of semiconductor DTV and home theater solutions by adding complementary video processing technologies that deliver reference-quality images across a wide range of displays and sources.

“Combining Anchor Bay’s video processing technologies with the Silicon Image product portfolio will strengthen our position in the DTV and home theater markets and enhance our capabilities to develop the next generation of HD connectivity products,” said Tim Vehling, vice president of Silicon Image’s products business group.

For more information about Silicon Image’s extensive DTV and home theater solutions, visit http://www.siliconimage.com/.

Friday, February 4, 2011

Power Integrations acquires Qspeed

From yesterday's 8K filing and press release: "On December 31, 2010 Power Integrations acquired Qspeed Semiconductor, a supplier of high-performance high-voltage diodes, for a price of approximately $7 million in cash. Qspeed diodes utilize a proprietary silicon technology to provide a unique combination of high efficiency and low noise, as well as high-frequency operation, which reduces the cost and size of magnetic components in a power supply."