Business
Akros Silicon Secures Additional Financing and a New Major Investor
Akros Silicon have announced that it has secured additional financing to supplement capital previously raised in 2012, bringing the total to $11M. In addition to Technology Partners, which led the most recent round of financing, Akros obtained financial support from existing investors: USVP, Levensohn Venture Partners and SPM Capital. The infusion of capital will be used for further expansion of sales and marketing channels and proliferation of new products into new market segments. Additionally, Akros is pleased to announce that Marc van den Berg from Technology Partners has joined Akros' Board of Directors.
congatec enters software partnership with Adeneo Embedded to offer BSPs for ARM modules
congatec has entered into partnership with Adeneo Embedded to deliver ready-to-use board support packages for the Freescale ARM Cortex A9 i.MX 6 Series based modules. Thanks to this new software partnership, congatec's worldwide customer base can now benefit from a cost-effective end-to-end solution enabling them to speed up the development of Windows Embedded and embedded Linux devices.
MIPS Technologies Agrees to Sale of Patent Properties to AST and Acquisition by Imagination Technologies
MIPS Technologies today announced it has entered into separate definitive agreements with Bridge Crossing, an acquisition vehicle of Allied Security Trust, and Imagination Technologies Group with net proceeds of approximately $7.31 per share in cash to each holder of MIPS common stock.
Season Group acquires DSP Design
Season Group has announced that it has acquired DSP Design - one of the UK's market leaders in embedded computer technology. Based at the Tapton Park Innovation Centre in Chesterfield, DSP Design specializes in the design, manufacture and supply of standard, as well as custom-made, embedded computer systems to original equipment manufacturers.
LDRA Selects Logic Technology to Extend its Reach to European Certification-based Industries
LDRA today announced that it has appointed Logic Technology to extend LDRA's reach into the German- and Dutch-speaking regions of Europe for safety-, mission- and security-critical markets. Logic Technology brings engineering-savvy expertise to customer sales throughout Germany, Benelux, Austria and Switzerland.
Unipower LLC Announces Restructuring to Better Serve its Worldwide Customer Base
As part of an on-going, planned restructuring aimed at providing superior service/support and optimal total cost of ownership to our world-wide customer base, UNIPOWER LLC has announced the establishment of a Global Customer Service Center in its Coral Springs, FL corporate headquarters.
TDK-Lambda continues to invest in UK manufacturing
TDK Corporation announces that TDK-Lambda is investing heavily in new production equipment at its power supply manufacturing facility in Ilfracombe. TDK-Lambda's decision for this new investment in the UK is primarily driven by the company's aggressive new products development strategy and estimates a significant annual saving will be generated through production process improvements.
BPM Microsystems Prospers with 8th Generation Programming Technology
BPM Microsystems announces the ongoing success of its 8th Generation programming technology with an increase in worldwide automated system sales and a 25 percent growth in personnel over the last year. This year's success is a continuation of similar growth seen since the introduction of 8th Generation in 2010.
Powersolve Acquires Safety Power Group
Powersolve has today announced the acquisition of the Safety Power Group for an undisclosed sum. Safety Power's speciality is in high performance programmable power sources together with electronic loads and Powersolve now adds this capability to its product offering.
Cadence Reports Third Quarter 2012 Financial Results
Cadence reported third quarter 2012 revenue of $339 million, compared to revenue of $292 million reported for the same period in 2011. On a GAAP basis, Cadence recognized net income of $59 million, or $0.21 per share on a diluted basis, including $15 million in acquisition-related income tax benefit, in the third quarter of 2012, compared to net income of $28 million, or $0.10 per share on a diluted basis in the same period in 2011.
IGT Industries acquired by Stadium Group
IGT Industries has been acquired by the Stadium Group plc. The acquisition supports a strategy to build an electronic business with a portfolio of adjacent products and technologies, offering synergies and economies of scale. IGT will adopt the new trading name of Stadium IGT Limited and will remain at the current site in Eastleigh with day‐to‐day running of operations unchanged.
Atmel and Labelec Sign Memorandum of Understanding for Development of PRIME-Compliant Smart Metering Solutions
Atmel today announced the two companies have signed a Memorandum of Understanding to develop smart grid solutions using the inter-operative powerline communication standard powerline intelligent metering evolution standard. This MoU is the industry's first agreement between a distribution system operator and technology provider for developing technology solutions using the PRIME standard.
Cypress completes initial tender for outstanding Ramtron Stock
Cypress announced today the completion of its initial tender offer for all of the outstanding stock of Ramtron International Corporation. The initial offering period expired at 12:00 midnight, New York City time, on October 9, 2012.
Tensilica's Licensees ship over 2 billion Tensilica DPUs
Tensilica has revealed today that its licensees have recorded shipments of over two billion Tensilica dataplane processor units. Tensilica's licensees are now shipping at a run rate of approximately 800 million Tensilica DPU IP cores per year, which is more than a 50 percent increase over the run rate announced in June 2011, when the company reached its one billionth core shipment.
Broadcom announces third quarter conference call
Broadcom will conduct a conference call with analysts and investors following the release of its third quarter 2012 financial results on Tuesday, October 23, 2012 at 1:45 p.m. Pacific Time; 4:45 p.m. Eastern Time.
VIA Announces September Sales Results
VIA Technologies today announced net sales for September 2012 of NT$ 280.76 million (US$ 9.58 million approximately).
Eurotech Receives Contracts for a Value of $2.9M to Supply Controller for Medical Application
Eurotech today announces it has signed $2.9M in contracts with a medical device manufacturer to provide a Eurotech controller for a medication compounding system. Per the contracts, Eurotech will deliver the control units over the next two and a half years. No further details can be disclosed.
MindTree rebrands to appeal to younger and global customers
Mindtree has announced its new brand identity with the unveiling of its mission, values and logo. The rebranding initiative reinforces Mindtree's ongoing transformation to an expertise-led organisation. The new brand identity highlights Mindtree's differentiated approach to sophisticated global customers, while also appealing to younger audiences that form the global talent pool of the future.
Diodes enters into agreement to acquire power analog microelectronics
Diodes today announced that it has entered into an agreement to acquire Power Analog Microelectronics, Inc. The acquisition is expected to close in the fourth quarter of 2012. The terms of the transaction were not disclosed.
Advantech choose Impulse to help deliver Intelligent Systems
Advantech have announced the selection of Impulse as their first global partner to help promote the Internet of Things within the applied computing industry. The Internet of Things, or IoT, is becoming more prevalent in today's industrial market offering scalable, future-proofed and cost-effective designs in the next generation of industrial and embedded platforms through universal connectivity of intelligent systems and devices across a corporate industrial network.
Mitsubishi Electric to Establish Service Division for Computerized Numerical Controllers in Vietnam
Mitsubishi announced today that its sales subsidiary Mitsubishi Electric Vietnam will create a division to provide servicing and replacement-parts sales for computerized numerical controllers in Vietnam on October 1. Mitsubishi Electric is strengthening its operations in Vietnam's industrial automation sector, a growing base for manufacturing and export to ASEAN countries, Europe and the United States.
Axcelis Lands Major Global Support Solutions Contract
Axcelis Technologies announced today that it has signed a five year, comprehensive global support contract with one of the world's leading semiconductor manufacturers valued at $30 million. Axcelis' award winning Global Support Solutions program is designed to optimize all aspects of manufacturing performance throughout the fab cycle, enabling customers to achieve their business goals.
Profits at Stake in IC Foundries’ Push for Leading-Edge Technology
Before GlobalFoundries entered the IC foundry market, TSMC was by far the technology leader among the major pure-play IC foundries. In 2012, about 37% of TSMC's revenue is expected to come from ≤45nm processing. As expected, with GlobalFoundries' fabs producing AMD's MPUs over the past few years, its processing technology is skewed toward leading-edge feature sizes.
Cypress Semiconductor Extends Offer to Acquire Ramtron International
Cypress Semiconductor today announced that, in connection with its previously announced merger agreement with Ramtron International it has increased the offer price in its tender offer to acquire all of the outstanding stock of Ramtron to $3.10 per share and extended the expiration date of the offer to 12:00 midnight, New York City time, on October 9, 2012, unless further extended. The all-cash offer is subject to customary closing conditions as set forth in the merger agreement, and further described in the amendment and supplement to the Offer to Purchase filed today with the Securities and Exchange Commission.
NanoKTN Event Helps UK Company Secure £50,000 of Sales
The Nanotechnology Knowledge Transfer Network is pleased to announce that one of its members, Datum Developments, has secured over £50,000 of sales from attending one of its events. Datum Developments attended the joint NanoKTN, British Coatings Federation and the Paint Research Association event in November last year, using its speaking slot as a promotional platform for Polcoat, its unique polyimide coating process.
Teledyne Announces Executive Retirement and Promotions
Teledyne announced that Dale A. Schnittjer, senior vice president and chief financial officer, will be retiring from that position effective November 18, 2012.
Agilent Technologies Announces Cash Dividend of 10 Cents per Share
Agilent today announced that a quarterly dividend of 10 cents per share of common stock will be paid Oct. 24 to all shareholders of record as of the close of business Oct. 2.
PMC Announces Redemption of 2.25% Senior Convertible Notes
PMC announced today that the Company will exercise its right under the corresponding indenture (the indenture) to redeem all of the Company's 2.25% senior convertible notes due 2025 (the notes). The redemption will take place on October 20, 2012, at one hundred per cent of the outstanding principal amount of the notes plus accrued and unpaid interest.
Spirent sells the assets and liabilities of its Systems Division to Curtiss-Wright Corporation
Spirent today has agreed to sell the assets and liabilities of its Systems Division, which trades as PG Drives Technology to Curtiss-Wright Corporation for a total cash consideration of $64 million on a cash free and debt free basis, subject to certain customary adjustments and closing conditions. The transaction is expected to complete during October.
PLX Divests 10GBase-T Business, Reduces Expenses, Focuses on Enterprise PCI Express
PLX today announced steps taken to reduce operational costs by divesting its TeraPHY 10GBase-T team and associated products. PLX has signed a definitive agreement with Aquantia, a leader in high speed Ethernet connectivity solutions, who will take control of the PLX 10GBase-T products, customer pipeline and support.
Cypress and Ramtron Reach Agreement on Merger
Cypress and Ramtron have entered into a definitive merger agreement under which Cypress will acquire all outstanding stock of Ramtron at a price of $3.10 per share in cash. The transaction, valued at approximately $109.8 million, represents a premium of 71% to Ramtron's closing price of $1.81 per share on June 11, 2012, the day before Cypress publicly disclosed its offer for Ramtron.
Synopsys Completes Major Steps Toward Acquisition of SpringSoft
Synopsys announced today that it has obtained regulatory approval in Taiwan to acquire SpringSoft, Inc. In addition, greater than 51 percent of the outstanding shares of SpringSoft have been tendered. By meeting these two milestones, Synopsys expects to complete the tender offer and take a controlling interest in SpringSoft as of October 1, 2012.
Digia’s Completion Of Acquisition Paves Way For Qt
Digia today announced that it has completed the acquisition of the Qt software technologies and Qt business it announced in August 2012. As Digia now becomes responsible for Qt activities including product development and commercial and open source licensing, the acquisition paves the way for Qt to become the world's leading cross-platform application development framework across desktop, embedded and mobile platforms.
HARTING sign Integrator Partner Agreement with Tritec
HARTING has announced the signing of an Integrator Partner Agreement with Tritec Systems with the intention of further developing sales and business opportunities for HARTING's RFID product range. The partner agreement brings together the best qualities from both parties to benefit the end customers. Under the terms of the agreement, HARTING will train and support the Tritec team in HARTING's family of ruggedised RFID tags, readers and software.
iRobot Obtains Evolution Robotics
iRobot today announced it has signed a definitive agreement to acquire privately-held Evolution Robotics, developer of Mint and Mint Plus automatic floor cleaning robots, based in Pasadena, California. The acquisition and the definitive agreement have been approved by the board of directors of iRobot and the board of directors and stockholders of ER.
KIC Sets up In-Country Product Repair and Calibration Center
Effective September 1, 2012, KIC expanded its presence in Mexico in order to improve the services available to its customers. In the past, KIC customers in Mexico sent their KIC products to the United States for repair; however, now they can send their profilers and other KIC equipment to Guadalajara, JAL for repair or calibration.
Maxims Corporate Venture Group to Invest in Startups and Innovative Technologies
Maxim has revealed that it has established a Corporate Venture Group to invest in startup companies and innovative technologies. Through the new Corporate Venture Group, Maxim will make strategic investments to seed technologies aligning with the company's focus areas, products, and initiatives, and facilitate partnering for Maxim's business units with smaller companies.
Carbon Design Systems receives $4 Million Investment from Samsung
Carbon Design Systems has declared today that it has received $4 million in investment funding from Samsung Venture Investment Corporation. Additionally, the companies have entered into a strategic partnership.
Ramtron Board Unanimously Concludes Cypress’ Revised Unsolicited Tender Offer is Inadequate
Ramtron International today announced that its Board of Directors has carefully reviewed the revised unsolicited tender offer from Cypress Semiconductor to acquire all outstanding stock of Ramtron at a price of $2.88 per share in cash, in consultation with its financial and legal advisors, and unanimously concluded that the revised offer is inadequate, does not reflect the intrinsic value of the Company, and is not in the best interest of Ramtron and its stockholders.
Mindspeed Raises Guidance for Fiscal Fourth Quarter 2012
Mindspeed Technologies today announced that it has raised its fiscal fourth quarter 2012 guidance previously provided on July 23, 2012. Mindspeed now forecasts revenue in the range of $35 to $36 million, versus a prior range of approximately $33.5 to $35.5 million.
