 |
|
Semtech Announces Plans to Acquire GennumJanuary 23, 2012 -- Semtech Corp. and Gennum Corp. have entered into a definitive arrangement agreement for Semtech to acquire all of the outstanding shares of Gennum. Semtech management believes the acquisition of Gennum will extend Semtech's portfolio of infrastructure products to the metro, access and enterprise computing markets and will enable Semtech to provide its customers with more platforms to differentiate their own high-speed voice, video and data transmission products. Gennum designs and sells products that enable video, data and multimedia content to be transmitted at high speed over long distances, while maintaining signal integrity and eliminating the potential for errors in transmission. Its products are used in broadcast, networking, storage, telecommunications and consumer-connectivity equipment. Gennum is positioned to benefit from the growth in worldwide demand for bandwidth and is a market leader in broadcast video, high–speed optical communications, high-definition video surveillance, Thunderbolt active cable transceivers and backplane signal integrity. Gennum was founded in 1973 and is headquartered in Burlington, Ontario, Canada. Gennum has approximately 450 employees, including more than 240 engineers, and has offices in Canada, Germany, India, Japan, Mexico, Taiwan, the United Kingdom and the United States. "We are very excited with the acquisition of Corporation," stated Mohan Maheswaran, President and Chief Executive Officer of Semtech. "We believe Gennum's unique signal-integrity solutions and highly differentiated 1-Gbps to 25-Gbps optical products combined with Semtech's leading 40-Gbps and 100-Gbps SerDes portfolio will deliver one of the industry's most complete and robust portfolios to the communications infrastructure, data communications and enterprise communications segments. Additionally, Gennum's strong position in video broadcast and the emerging HD video surveillance market broadens and further diversifies Semtech's portfolio of high-performance analog semiconductors targeted at fast growing markets." | |
Reprinted from SOCcentral.com, your first stop for ASIC, FPGA, EDA, and IP news and design information. | |