itv, DTV, Streaming

Trident to acquire 3 consumer product lines from Micronas

By Team Diginews4u ⋅ April 1, 2009 ⋅  Email This Post ⋅ Post a comment

Trident Microsystems, a player in semiconductor system solutions for the multimedia and digital television (DTV) markets,  has entered into a definitive agreement with Micronas Semiconductor Holding to acquire selected assets of the frame rate converter (FRC), demodulator and audio product lines of Micronas’ Consumer Division.

The consideration payable to Micronas will consist of 7.0m shares of Trident common stock and warrants to acquire up to 3.0m additional Trident shares.

Trident believes the acquisition will broaden its existing product and intellectual property portfolios and augment its technical resources, enabling the company to address a larger portion of the DTV market and to expand its tier one customer base.

The addition of Micronas’ demodulators to Trident’s product portfolio will expand the company’s existing demodulator offering to include nearly all of the world’s digital TV standards.

Trident expects to expand its revenue base and leverage its low-cost operations in Asia to reduce its projected near-term operating losses.

Under the terms of the agreement, Trident will acquire products, technology and intellectual property used in Micronas’ FRC line of frame rate converters, the DRX line of demodulators and all of the Micronas audio processing products.

Upon completion of the acquisition, the company expects its total headcount to increase by approximately 150 employees located throughout the world.

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Tags: Acquisition, Chips, Hardware, TV