Electronics Manufacturing Services boom for medical industry says analyst
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Microchip's billion dollar deals net German startup
May 03, 2012 // Nick Flaherty
US microcontroller vendor Microchip has been on a billion dollar buying spree with the recent acquisition of three companies, including a German startup, that gives it several European design centres.
Alongside the billion dollar acquisition of SMSC, Microchip has bought Ident Technology in Gilching, Germany, which is developing 3-D gesture recognition technology based on electric field sensing.
Last September Robert Bosch Venture Capital led an investment round of $10m in Ident. "This acquisition builds upon Microchip's strengths in proximity, touch sense and touch screen controller solutions for the embedded market," said the company.
The agreed deal to buy networking chip designer Standard Microsystems Corp (SMSC) represents a total value of about $939 million and is expected to close in the third quarter of this year. SMSC has design centers in Karlsruhe and Pforzheim, Germany and Sofia in Bulgaria after buying design companies KL2, Tallika Technologies and Wireless Audio IP in Belgium. SMSC has a strong position in automotive and consumer networking chips
"We believe SMSC's smart mixed-signal connectivity solutions aimed at embedded applications are an ideal complement to Microchip's embedded control business," said Steve Sanghi, Microchip's President and CEO. "This acquisition will expand Microchip's range of solutions as SMSC contributes exciting new products and capabilities in the automotive, industrial, computing, consumer and wireless audio markets, significantly extending our served available market."
The deal comes after Microchip also bought US start-up Roving Networks in Los Gatos, California to add WiFi and Bluetooth technology to its portfolio of 8, 16 and 32bit microcontrollers
www.microchip.com
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Market News
Electronics Manufacturing Services boom for medical industry says analyst
May 21, 2013
Original equipment manufacturers (OEMs) are increasingly turning to electronics manufacturing service (EMS) providers to ...
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Business News
Gemalto teams with Encore Networks for mission critical M2M communications as US shifts to wireless
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Market News
Solar industry capital spending hits seven-year low in 2013 but upturn is on the cards
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Market News
Apple's overseas tax evasion stirs debate over US tax code
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Market News
Could Intel enable USD200 Ultrabook?
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Technology News
Places2Be project aims to boost European leadership around FD-SOI
May 21, 2013
A group of 19 leading European companies and academic institutions have launched Places2Be, a 3-year, €360 million advanced-technology ...
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Technology News
Printed, flexible and organic electronics will enjoy a solid growth over the next decade says IDTechEx
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Technology News
Floating surge stopper provides unlimited overvoltage protection
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Business News
Obsolescence groups tackles long term supply and conflict minerals challenges
Technical papers
Filter Wizard
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