MegaChips to Acquire certain Smart Connectivity Products based on DisplayPort technology from STMicro
MegaChips to Acquire certain Smart Connectivity Products based on DisplayPort technology from STMicro
San Jose, California – September 16, 2014 —MegaChipsTechnology America Corporation (MegaChips America) announced that following the signature of an agreement with STMicroelectronics (“ST”) and final closing on September 2, it has acquired 9 smart connectivity products based on DisplayPort™ technology that ST decided to discontinue last year, along with its related assets, business and products in development.
During the transition, ST and MegaChips ensured continuity of products and services to customers. A number of employees engaged in product development and marketing in relation to the acquired business from ST, joined MegaChips America. This group included Mr. Alan Kobayashi, currently the chair of VESA (Video Standards Association), who joined MegaChips America as a Fellow and product development manager.
“We believe this acquisition will strengthen MegaChips America’s ability to offer innovative solutions to its customers in high-speed digital connectivity,” said Koichi Akeyama, president of MegaChips America. “MegaChips America has been actively developing products that enable high-speed communications to bring multimedia to the home and the smart connectivity products based on DisplayPort technology will enable that content to be easily shared and played on a variety of systems.”
“This acquisition positions MegaChips Corporation to promote DisplayPort standardization activity. In addition to leveraging synergy with its existing technologies, the company would be able to offer system-level solutions and high-quality support to tier1 customers across the globe,” said Akira Takata, president and CEO of MegaChips Corporation. “MegaChips is currently one of the leading suppliers of ICs that are used in a wide variety of flat-panel displays such as TV’s, laptops and general signage.”
About MegaChips Technology America Corporation (“MegaChips America”)
MegaChips America is a wholly owned subsidiary of MegaChips Corporation headquartered in Osaka, Japan. MegaChips and MegaChips America are fabless LSIs companies, focused on the development of system LSIs and system products that incorporate original algorithms and architecture. Customers use MegaChips solutions for their office automation, networking and storage needs in a wide range of areas, including imaging, audio, home networking, security and communications environments. MegaChips America is headquartered in San Jose, California, with design centers at Osaka, Tokyo and Chiba in Japan and Bangalore in India of MegaChips Corporation. For more information, contact the company at 408-570-0555, or visit http://www.megachips.us.
Related News
- Renesas to Acquire Panthronics to Extend Connectivity Portfolio with Near-Field Communication Technology
- Synaptics to Acquire Rights to Broadcom's Wireless IoT Connectivity Business
- Synopsys to Acquire Certain IP Assets of INVECAS
- Synopsys to Acquire Certain IP Assets from eSilicon
- NXP to acquire Marvell's WiFi and Bluetooth Connectivity Assets
Breaking News
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- Sondrel announces CEO transition to lead next phase of growth
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
Most Popular
- Arm's power play will backfire
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PUFsecurity Collaborate with Arm on PSA Certified RoT Component Level 3 Certification for its Crypto Coprocessor to Provide Robust Security Subsystem Essential for the AIoT era
E-mail This Article | Printer-Friendly Page |