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.
Sensors for wearable electronics on 40% CAGR
March 05, 2015
Wearable electronics will be the big opportunity for sensors after margins shrink in smartphones and tablet computers, according ...
Understanding capacitors, ripple and self-heating
Fan-out wafer level packaging fills gap to 3D, says Yole
Sony switches to OLEDs to upgrade VR helmet
Tower makes IR sensor for Intel RealSense
Polymer blend improves solar cell efficiency by 200 percent
March 04, 2015
A University of Cincinnati research partnership has developed a blend of polymers which could make solar cells stronger, ...
Stress tracker tames drivers
Glass coated cathode promises lithium-sulfur battery performance gains
Femtocell improves in-car mobile connectivity
- High Performance Portable DC Bench Power Supply: Save Money and Free Up Bench Real Estate by Building Your Own
- Software-Defined Radio Handbook
- A Four-Quadrant DC/DC Switching Regulator Smoothly Transitions from Positive to Negative Output Voltages for FPGA and Other Applications
- LED Driver with Integrated Spread Spectrum Reduces EMI without Adding Flicker
InterviewInfineon: CAN FD success goes at the expense of FlexRay
The faster version of the venerable CAN bus, CAN FD is currently taking off at several carmakers. Infineon's Thomas Böhm, Head of Body / Automotive, believes this could well go at the expense of FlexRay. ...
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
To ensure you have a good start in 2015, Freescale is giving away five of its QorIQ TWR-LS1021A Tower system modules, worth USD269 each, for EETimes Europe's readers to win.
The module is the most feature-rich and high-performance Tower system offered by Freescale, enabling compatibility and interoperability with the growing list of Tower expansion modules, offering an easily accessible...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.