SMSC buys another wireless audio chip vendor
June 15, 2010 // Dylan McGrath
Mixed-signal IC vendor SMSC Monday (June 14) said it acquired Wireless Audio IP BV, a Dutch fabless audio chip vendor, for $22 million in cash plus performance-based payments worth up to $3 million.
Customers of Wireless Audio IP, which is also known as STS, include many of the industry's leading consumer and PC brands, according to SMSC (Hauppauge, N.Y.).
In February, SMSC announced the acquisition of Kleer Semiconductor Corp., a maker of chips for wireless audio. Financial terms of that agreement were not disclosed.
SMSC said STS's low-latency digital audio baseband processor and integrated module solutions are complementary to the leer wireless audio products. Together, the STS and Kleer teams intend to collaborate on developing best-in-class baseband processor and audio networking solutions that allow end users to enjoy state-of-the-art entertainment in the home, in the car or on the go, SMSC said.
“We are excited about the expansion of SMSC’s wireless audio product portfolio with the acquisition of STS,” said Christine King, SMSC president and CEO, in a statement. "The growth potential in the wireless audio market is significant as this technology is no longer just a unique application for audio enthusiasts."
Founded in 2003, STS has claims its wireless platform has shipped in millions of units of customer product deployed in a wide array of consumer applications.STS is headquartered in Amsterdam, with offices in Singapore and China.
SMSC said it expects Kleer and STS to contribute approximately $15 million in revenue in SMSC's current fiscal year, fiscal 2011. The acquisitions are expected to be neutral to slightly accretive during fiscal 2011, the company said.
Under terms of the share purchase agreement, SMSC paid $22 million in cash. Additional cash payments of up to $3 million may occur upon achievement of certain performance goals. The acquisition closed June 14.
Graphene aerogels promise enhanced energy storage performance
October 21, 2014
Lawrence Livermore researchers have turned to graphene aerogel to develop an enhanced electrical energy storage solution ...
R&S demos 5G test setup
Global chip capex to rise 11% in 2014
"New" MEMS evolution coming, predicts Yole
TSMC Capex to exceed $10B in FinFET ramp-up
Supercomputer simulations point path to better Mg-ion batteries
October 20, 2014
Scientists at Lawrence Berkeley National Laboratory using computer simulations have shown that Mg-ion batteries, which would ...
Simpler circuit design unlocks power of superconducting devices
Analog IC sales to hit $43 billion in 2014, says Semico
Network testing via smartphone
- 5 Best Practices for Designing Flexible Test Stations
- Intelligent PLCs Expand the Internet of Things
- Solutions for Millimeter Wave Wireless Backhaul
- Enter Linduino
InterviewCEO interview: AMS' Laney on driving a sensor-driven business
Kirk Laney, CEO of Austrian mixed-signal chip and sensor company AMS, wants to leverage the opportunity that technology affords to create new markets for sensors and sensor interfaces.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.