SUNNYVALE, Calif., April 14, 2011 – Silicon Image , Inc. (NASDAQ: SIMG), a leader in advanced, interoperable HD connectivity solutions for consumer electronics, today announced the signing of a definitive agreement to acquire privately-held SiBEAM, Inc. , a fabless semiconductor company headquartered in Sunnyvale, CA. SiBEAM is the leading provider of high-speed wireless communication products for uncompressed HD video in consumer electronics and personal computer applications, a founding member of the WirelessHD™ Consortium and an active member of the Wireless Gigabit Alliance (WiGig™).
The purchase price of the acquisition will be $25.5 million in cash and Silicon Image stock. The proposed transaction is expected to close in the second quarter of 2011. For 2011, the acquisition is anticipated to be dilutive to Silicon Image’s non-GAAP earnings by approximately $0.06 - $0.08 and neutral to earnings for 2012. The company intends to finalize its estimates of the transaction’s financial impact as well as the accounting for the transaction upon deal close.
“The acquisition of SiBEAM underscores our stated mission to be the leader in advanced video connectivity solutions and SiBEAM’s 60GHz wireless technology will enable us to rapidly bring the highest quality of wirelessly transmitted HD video and audio to market,” said Camillo Martino, chief executive officer of Silicon Image, Inc. “Silicon Image has a proven history of establishing successful global connectivity standards, including DVI®, HDMI®, and most recently MHL™ and we are looking forward to driving WirelessHD as a global connectivity standard and to delivering “standards plus” products supporting both wireless and wired HD connectivity standards.”
SiBEAM’s wireless technology has the ability to deliver true uncompressed, lossless high-definition digital video for a broad range of consumer electronics and personal computer applications. The company’s 60GHz Radio Frequency (RF) technology with multi-gigabit data rates offers the highest throughput of any mass market wireless solution available today and is compliant with both the WirelessHD and WiGig standards.
“Silicon Image's market leadership in developing and scaling consumer and PC solutions will help accelerate the growth of SiBEAM's 60GHz products,” said John LeMoncheck, president and chief executive officer at SiBEAM, Inc. "Increasingly, CE, PC, and mobile device manufacturers are looking towards 60GHz solutions for high-speed A/V and data connectivity. The combination of SiBEAM's wireless technology with Silicon Image's strength in HD connectivity solutions for mobile and consumer platforms makes this acquisition a natural fit for both companies.”
Consistent with its “standards plus” strategy, Silicon Image plans to continue to promote and actively engage with the WirelessHD Consortium and the WiGiG Alliance to further advance standards development for 60GHz wireless connectivity.
Until the deal closes, SiBEAM will continue independent operations.
Showing posts with label Silicon Image. Show all posts
Showing posts with label Silicon Image. Show all posts
Thursday, April 14, 2011
Thursday, February 10, 2011
Silicon Image Acquires Product Lines and IP from Anchor Bay
SUNNYVALE, Calif.--(BUSINESS WIRE)--Silicon Image, Inc. (NASDAQ:SIMG), a leader in advanced, interoperable HD connectivity solutions for consumer electronics, today announced it has completed the acquisition of select assets from privately held, Campbell, California-based Anchor Bay Technologies, Inc. (Anchor Bay). Acquired assets include Anchor Bay’s semiconductor, IP and DVDO systems products developed for the DTV and home theater markets.
The acquisition enhances Silicon Image’s existing portfolio of semiconductor DTV and home theater solutions by adding complementary video processing technologies that deliver reference-quality images across a wide range of displays and sources.
“Combining Anchor Bay’s video processing technologies with the Silicon Image product portfolio will strengthen our position in the DTV and home theater markets and enhance our capabilities to develop the next generation of HD connectivity products,” said Tim Vehling, vice president of Silicon Image’s products business group.
For more information about Silicon Image’s extensive DTV and home theater solutions, visit http://www.siliconimage.com/
The acquisition enhances Silicon Image’s existing portfolio of semiconductor DTV and home theater solutions by adding complementary video processing technologies that deliver reference-quality images across a wide range of displays and sources.
“Combining Anchor Bay’s video processing technologies with the Silicon Image product portfolio will strengthen our position in the DTV and home theater markets and enhance our capabilities to develop the next generation of HD connectivity products,” said Tim Vehling, vice president of Silicon Image’s products business group.
For more information about Silicon Image’s extensive DTV and home theater solutions, visit http://www.siliconimage.com/
Tuesday, February 17, 2009
Silicon Image 10K
HDMI Market: "HDMI Licensing, LLC, a wholly owned subsidiary of Silicon Image,......As of December 31, 2008, more than 800 manufacturing companies had licensed HDMI from HDMI Licensing, LLC. .........In-Stat reports that approximately 300 million HDMI enabled devices incorporating HDMI were expected to be shipped in 2008, with over 394 million devices expected to ship in 2009 and an installed base of nearly 1.5 billion HDMI-enabled devices projected by 2010."
DVI Market: "In-Stat estimated that 15 million DVI-enabled PC devices were shipped by industry participants in 2008. Although DVI is being replaced by the more feature-rich HDMI in many applications, In-Stat estimated that approximately 118 million DVI-enabled devices were expected to ship in 2008."
Wafer supply and line width: "Our semiconductor products are currently fabricated using 0.35, 0.25, 0.18 and 0.13 micron processes. We continuously evaluate the benefits, primarily the improved performance, costs and feasibility, of migrating our products to smaller geometry process technologies. We have conducted certain development projects for some of our customers, involving smaller geometries, namely 90 nm and 65 nm designs. We rely almost entirely on Taiwan Semiconductor Manufacturing Company (TSMC) to produce all of our semiconductor products. Because of the cyclical nature of the semiconductor industry, capacity availability can change quickly and significantly. We attempt to optimize wafer availability by continuing to use less advanced wafer geometries, such as 0.35, 0.25, 0.18 and 0.13 micron, for which foundries generally have more available capacity."
Assembly & Test: "Siliconware Precision Industries Co. Ltd., or SPIL, Advanced Semiconductor Engineering, or ASE, and Amkor Taiwan are subcontractors located in Taiwan that assemble and test our semiconductor products."
Staff: "As of December 31, 2008, we had a total of 610 employees, including 259 located outside of the United States."
Recent Legal Activity: "On June 11, 2008, Analogix filed a lawsuit in the United States District Court for the Northern District of California against the Company that alleged violations of the Sherman Act Sections 1 and 2, Cartwright Act, and Section 17200 of the California Business and Professions Code. The complaint sought monetary damages and injunctive relief. The complaint alleged that the Company, and co-defendants HDMI Licensing, LLC and Simplay Labs, LLC, conspired with the founders of the HDMI Consortium in violation of the antitrust laws. Following a mediation on November 21, 2008, the Company and Analogix entered into a settlement agreement in which they agreed to dismiss the two outstanding lawsuits between them and to release all claims. As part of the settlement Analogix agreed effective immediately, not to market or sell HDMI semiconductors worldwide that are pin- or register-compatible with Silicon Image’s HDMI-enabled products, except as necessary to fulfill certain existing customer obligations. The Company also granted Analogix a license to selected HDMI-related patents and other technology, on terms that the Company and Analogix agreed to keep confidential. In addition, Analogix dropped with prejudice its antitrust suit against HDMI Licensing, LLC and Simplay Labs, LLC."
DVI Market: "In-Stat estimated that 15 million DVI-enabled PC devices were shipped by industry participants in 2008. Although DVI is being replaced by the more feature-rich HDMI in many applications, In-Stat estimated that approximately 118 million DVI-enabled devices were expected to ship in 2008."
Wafer supply and line width: "Our semiconductor products are currently fabricated using 0.35, 0.25, 0.18 and 0.13 micron processes. We continuously evaluate the benefits, primarily the improved performance, costs and feasibility, of migrating our products to smaller geometry process technologies. We have conducted certain development projects for some of our customers, involving smaller geometries, namely 90 nm and 65 nm designs. We rely almost entirely on Taiwan Semiconductor Manufacturing Company (TSMC) to produce all of our semiconductor products. Because of the cyclical nature of the semiconductor industry, capacity availability can change quickly and significantly. We attempt to optimize wafer availability by continuing to use less advanced wafer geometries, such as 0.35, 0.25, 0.18 and 0.13 micron, for which foundries generally have more available capacity."
Assembly & Test: "Siliconware Precision Industries Co. Ltd., or SPIL, Advanced Semiconductor Engineering, or ASE, and Amkor Taiwan are subcontractors located in Taiwan that assemble and test our semiconductor products."
Staff: "As of December 31, 2008, we had a total of 610 employees, including 259 located outside of the United States."
Recent Legal Activity: "On June 11, 2008, Analogix filed a lawsuit in the United States District Court for the Northern District of California against the Company that alleged violations of the Sherman Act Sections 1 and 2, Cartwright Act, and Section 17200 of the California Business and Professions Code. The complaint sought monetary damages and injunctive relief. The complaint alleged that the Company, and co-defendants HDMI Licensing, LLC and Simplay Labs, LLC, conspired with the founders of the HDMI Consortium in violation of the antitrust laws. Following a mediation on November 21, 2008, the Company and Analogix entered into a settlement agreement in which they agreed to dismiss the two outstanding lawsuits between them and to release all claims. As part of the settlement Analogix agreed effective immediately, not to market or sell HDMI semiconductors worldwide that are pin- or register-compatible with Silicon Image’s HDMI-enabled products, except as necessary to fulfill certain existing customer obligations. The Company also granted Analogix a license to selected HDMI-related patents and other technology, on terms that the Company and Analogix agreed to keep confidential. In addition, Analogix dropped with prejudice its antitrust suit against HDMI Licensing, LLC and Simplay Labs, LLC."
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