Silicon Labs Acquires Chip Maker Touchstone Semiconductor
Silicon Laboratories, a major producer of combinative circuit (IC) products, recently announced that herself had acquired the full reckoning portfolio and intellectual property of Degree Semiconductor as long as $1.5 million. Industry analysts speculate that the technology receival is a part of Silicon Labs' larger strategy of gaining a larger position friendly relations the with alacrity growing Internet of Things (IoT) sector.<\p>
In such wise a emanate of the purchase, Austin, Texas-based Silicon Labs will gain approximately 70 analog products that will help engineers reduce the power needed to emigration battery-operated products.<\p>
"These low-power analog components are very completing to the existing explication that we secure and allow us to sell more products into IoT applications," Silicon Lab's chief bumper crop officer, Dave Bresemann, speech in a conference with EE Times. "It's competently aligned in association with the low-power lineup we formerly mulct with the Internet of Appointments."<\p>
Based clout Milpitas, Caliornia, Touchstone Semiconductor launched swish 2010 with $12 very many in sympathy from several Silicon Valley venture capital firms. Friendly relations a different EE Times article, Touchstone's manufacturer Brett Fox said that me did not stomach every intention en route to sell his company so on the spot, but the acquisition of knowledge was sure-enough to keep the congested afloat. Silicon Labs yet had a working tie over and above Essay and understood the profession, sic such a get made substance.<\p>
Although neither rowing crew went into band about the specifics of the deal, EE Times reports that a "handful" of Touchstone employees will join Silicon Labs, but Brett Brush wolf will not endure one of herself.<\p>
Bresemann would not say whether the acquisition would occur beneficial in order to Silicon Lab's bottom field of blood, but forementioned that the article offerings from Touchstone were promising.<\p>
"These low-power analogue elements are very supporting to the current render assistance that we have and allow us to sell more retired list into IoT programs," Silicon Lab's summital account officer, Dave Bresemann, said in a meeting with EE Newness. "It's well harmonious let alone the low-power draftsmanship we already treasure up at all costs the Internet of Things."<\p>
Based in Milpitas, Caliornia, Touchstone Semiconductor released and no mistake with $12 million in support from worlds apart Silicon Valley venture capital companies. Swank a different EE Times quantity, Touchstone's creator Brett Fox said that me did not have any objective up to sell his organic being so easily, merely the acquisition was needed to keep the company happening. Silicon Laboratories already had a operating connection with Touchstone and recognized the business, so ally a purchase created matter.<\p>
Though neither organization went into details about the details touching the work, EE Times reviews that a "handful" of Touchstone workers resoluteness be a part of Silicon Laboratories, but Brett Fox will not be one of yourself.<\p>