Wednesday, June 1, 2011

BCD Semiconductor Manufacturing Agrees to Acquire Auramicro

SHANGHAI, China, May 31, 2011 (GLOBE NEWSWIRE) -- BCD Semiconductor Manufacturing Limited ("BCD Semiconductor") (Nasdaq:BCDS), a leading analog integrated device manufacturer, or IDM, based in China, specializing in the design, manufacture and sale of power management integrated circuits, or ICs, today announced that it has acquired Auramicro Corporation, a private company incorporated in Cayman Islands with main operations in Taiwan, for approximately $5.6 million in cash. The acquisition will add a significant engineering team to BCD's power management IC research and development team. In addition, the acquisition will expand BCD's rapidly growing DC/DC product portfolio with solutions that can leverage BCD's Fab 2 manufacturing process currently under development.

"The addition of Auramicro's analog design team and power IC product portfolio will be a great complement to BCD's growing power IC business," said Chieh Chang, CEO of BCD Semiconductor. "We feel our differentiated business model will allow us to continue to take share in the multi-billion dollar power IC market and we are excited to have Auramicro's team join the BCD family."

The transaction is expected to close by the end of the second fiscal quarter of 2011. The acquisition, which initially adds approximately $500 thousand in operating expenses per quarter, is expected to be neutral to BCD's earnings per share in the company's 2011 fiscal year and accretive in 2012.

About BCD Semiconductor

BCD Semiconductor Manufacturing Limited ("BCD Semiconductor") is a leading analog integrated device manufacturer, or IDM, based in China, specializing in the design, manufacture and sale of power management integrated circuits, or ICs. Our broad portfolio of power management ICs primarily targets rapidly growing, high volume markets such as mobile phones, LCD televisions and monitors, personal computers, adapters and chargers and other electronics products. As an IDM, BCD Semiconductor integrates product design and process technology to optimize product performance and cost. We offer system-level solutions with the quality, performance and reliability required by our customers. Our China-based operations provide proximity to the rapidly growing electronics industry in Asia, enabling us to align our product development effort with customers and market trends and to provide timely and effective technical support. For more information, please visit http://www.bcdsemi.com.

About Auramicro

Auramicro designs analog and mixed signal products including power management ICs, LED drivers, and touch screen controllers for LCD panels. The Company targets data communication, set-top box, LCD monitor, LCD TV, mobile, and LED lighting applications. Auramicro is registered as a Cayman Islands company with headquarters in Taipei, Taiwan and an office in Shenzhen, China.

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