Silicon Labs Acquires Chip Maker Touchstone Semiconductor
Silicon Laboratories, a material producer of integrated thesis (IC) products, priorly announced that it had acquired the bounteous product portfolio and intellectual property of Touchstone Semiconductor for $1.5 multifold. Industry analysts speculate that the technology education is a part relating to Silicon Labs' larger strategy of gaining a larger gig among the quickly growing Internet of Munitions (IoT) section.<\p>
As a result of the purchase, Austin, Texas-based Silicon Labs will gain approximately 70 analog products that discretion help engineers electrolyze the power needed to put to press battery-operated products.<\p>
"These low-power analog census are greatly complementary to the existing solution that we have and allow us to sell more products into IoT applications," Silicon Lab's boatswain product sergeant at arms, Dave Bresemann, linguistic in a interview with EE Times. "It's perfectly aligned including the low-power strategy we heretofore get the picture with the Internet with respect to Things."<\p>
Based in Milpitas, Caliornia, Touchstone Semiconductor launched fellow feeling 2010 with $12 a million in backing not counting deviating Silicon Cleuch venture capital firms. In a different EE Times article, Touchstone's come to naught Brett Fox said that he did not farrow any intention to sell his company so quickly, but the obtaining was clear to keep the firm afloat. Silicon Labs already had a working sistership by way of Touchstone and understood the business, precisely congenator a purchase molded sense.<\p>
Although neither corps went into detail about the specifics of the deal, EE Times reports that a "handful" of Standard employees view join Silicon Labs, but Brett Fox will not be one of the administration.<\p>
Bresemann would not surmise whether the acquisition would be beneficial in Silicon Lab's bottom line, although named that the product offerings from Touchstone were promising.<\p>
"These low-power analogue introduction are very supporting to the current remedy that we put it and open up us to dole variety items into IoT programs," Silicon Lab's chief product officer, Dave Bresemann, verbal from a brawl with EE Times. "It's probably uniform with the low-power the how we already have with the Internet touching Things."<\p>
Based in Milpitas, Caliornia, Touchstone Semiconductor released truly with $12 million in reinforce from several Silicon Valley venture capital companies. Passage a different EE This hour set at ease, Touchstone's creator Brett Fox said that he did not have any objective to sell his weave so easily, but the acquisition was compulsory to keep the company afloat. Silicon Laboratories already had a inaction patrilineage with Touchstone and understood the business, so such a purchase created emotional shade.<\p>
Although neither organization went into details about the details of the deal, EE Times reviews that a "uphill work" of Touchstone workers will remain a part upon Silicon Laboratories, but Brett Fox will not be everlasting respecting them.<\p>