IXYS Completes Acquisition of LED & Display Driver IC Business
September 17, 2009... Biel, Switzerland--IXYS Corporation, a market leader in power semiconductors, today announced that it has completed the acquisition of the LED driver IC and LCD display driver IC business units from Leadis Technology, Inc.
IXYS expects to pay about $4 million in current and deferred funds in exchange for the combined business units, including the respective units???products, intellectual property, technologies and key employees. The newly acquired LED driver products include capacitor based DC-DC ( Charge pump), inductor based DC-DC (boost) and low drop-out linear LED driver ICs with integrated smart features and controls to match a wide spectrum of products and applications. The acquired LCD display driver ICs are incorporated in the smart-phone Handsets of Nokia and Sony Ericsson.
This acquisition expands IXYS???market opportunity in the LED market, where it has a long-standing history in high-power LED-based lighting products. With features for integrated PWM drivers, LED temperature sensing/control, ambient light sensing/correction , and ?mart???serial digital interfaces, the new LED driver ICs improve system design and time to market ???potentially generating greater market share in IXYS???traditional and developing applications.
The new LED driver families complement IXYS???current product portfolio, while introducing new products in the small display (cell phones, PDAs, digital cameras), middle display backlighting (GPS units, laptops) and large display backlighting (LCD TV screens, Computer screens).
Capitalizing on IXYS???extensive range of power MOSFETs and current LED lighting solutions, the new products will seek market penetration in high-power LED based commercial lighting, including but not limited to, street lighting, architectural lighting, automotive and industrial lighting. The newly acquired technologies are equipped for this market, as the LED drivers and controllers sense temperature, determine true color fidelity in RGB, create higher light intensity and ultimately, ensure longer LED lifetimes.
The LCD drivers purchased through this acquisition have strong penetration in the cell phone market. Recent products include the Nokia E71x, one of the industry? slimmest QWERTY based ?mart phones??? using the LDS342 LCD display driver IC. The LDS342 is a low Power single chip 320 x 240 landscape QVGA resolution, 16.7M color display driver with integrated controller for a Low Temperature Polysilicon Thin Film Transistor (LTPS TFT) display. LTPS TFT is an active matrix LCD technology providing very high quality display screen performance for next generation Handsets and ?mart phones??? Additionally, the main display for the T707 ?ashion phone???from Sony Ericsson uses the integrated LDS518 LCD display driver IC.
Xpansion of IXYS???LED and LCD product portfolio is well timed, as recent research suggests that the LED lighting market is mostly growing into general illumination such as residential, commercial, off-grid and outdoor area applications, with worldwide sales forecasted to Exceed $5 billion in 2012. Such forecasts suggest strong growth potential at IXYS,???commented Dr. Nathan Zommer, CEO of IXYS Corporation. ?imultaneously, global electronic display technologies are projected to reach $174.2 billion by 2014, with a compound annual growth Rate of 12.1% from 2009 on. Our LCD technologies directly play into this burgeoning market.???
?XYS opportunistically sought acquisitions that expand its higher-margin IC businesses, focusing on complementary technologies and products that have broad applications. Both newly-acquired business lines seamlessly fit within the product portfolio,???commented Uzi Sasson, COO & CFO of IXYS Corporation. ?e welcome the engineering and scientific team from Leadis, with the expectation that our combined R&D talents will expand IXYS???product range to the benefit of our worldwide customers in industrial, medical, automotive and consumer markets.???
About IXYS Corporation
Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve power conversion efficiency, generate clean energy, improve automation, and provide advance products for the transportation, medical and telecommunication industries. IXYS is a worldwide pioneer in the development Of power semiconductors and high voltage integrated circuits (HVIC) that are key to reducing the world? dependence on fossil fuels.
MOSFETs power semiconductors and mixed-signal integrated circuits (IC) play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of Everyday customers. With an end customer base of over 2,000 telecommunications, transportation, industrial, medical and consumer companies, IXYS is a worldwide provider of semiconductors.
Additional information may be obtained by visiting IXYS???website at http://, or by contacting the company directly.
Safe Harbor Statement
The daily press release contains forward-looking statements, including those related to market share, market penetration in lighting, growth in the LED lighting market, forecasts, growth potential at IXYS and projections for display technologies and the expansion of IXYS???product range Actual results may vary materially from those contained in the forward-looking statements, due to changes in economic conditions, technological developments, competition, unanticipated technological hurdles, limited financial resources and adverse changes in customer demand among other things. That could affect IXYS is detailed and included in IXYS???Form 10-K for the fiscal year ended March 31, 2009, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these Forward-looking statements.
Contacts
IXYS Corporation
Uzi Sasson, 408-457-9000
IXYS expects to pay about $4 million in current and deferred funds in exchange for the combined business units, including the respective units???products, intellectual property, technologies and key employees. The newly acquired LED driver products include capacitor based DC-DC ( Charge pump), inductor based DC-DC (boost) and low drop-out linear LED driver ICs with integrated smart features and controls to match a wide spectrum of products and applications. The acquired LCD display driver ICs are incorporated in the smart-phone Handsets of Nokia and Sony Ericsson.
This acquisition expands IXYS???market opportunity in the LED market, where it has a long-standing history in high-power LED-based lighting products. With features for integrated PWM drivers, LED temperature sensing/control, ambient light sensing/correction , and ?mart???serial digital interfaces, the new LED driver ICs improve system design and time to market ???potentially generating greater market share in IXYS???traditional and developing applications.
The new LED driver families complement IXYS???current product portfolio, while introducing new products in the small display (cell phones, PDAs, digital cameras), middle display backlighting (GPS units, laptops) and large display backlighting (LCD TV screens, Computer screens).
Capitalizing on IXYS???extensive range of power MOSFETs and current LED lighting solutions, the new products will seek market penetration in high-power LED based commercial lighting, including but not limited to, street lighting, architectural lighting, automotive and industrial lighting. The newly acquired technologies are equipped for this market, as the LED drivers and controllers sense temperature, determine true color fidelity in RGB, create higher light intensity and ultimately, ensure longer LED lifetimes.
The LCD drivers purchased through this acquisition have strong penetration in the cell phone market. Recent products include the Nokia E71x, one of the industry? slimmest QWERTY based ?mart phones??? using the LDS342 LCD display driver IC. The LDS342 is a low Power single chip 320 x 240 landscape QVGA resolution, 16.7M color display driver with integrated controller for a Low Temperature Polysilicon Thin Film Transistor (LTPS TFT) display. LTPS TFT is an active matrix LCD technology providing very high quality display screen performance for next generation Handsets and ?mart phones??? Additionally, the main display for the T707 ?ashion phone???from Sony Ericsson uses the integrated LDS518 LCD display driver IC.
Xpansion of IXYS???LED and LCD product portfolio is well timed, as recent research suggests that the LED lighting market is mostly growing into general illumination such as residential, commercial, off-grid and outdoor area applications, with worldwide sales forecasted to Exceed $5 billion in 2012. Such forecasts suggest strong growth potential at IXYS,???commented Dr. Nathan Zommer, CEO of IXYS Corporation. ?imultaneously, global electronic display technologies are projected to reach $174.2 billion by 2014, with a compound annual growth Rate of 12.1% from 2009 on. Our LCD technologies directly play into this burgeoning market.???
?XYS opportunistically sought acquisitions that expand its higher-margin IC businesses, focusing on complementary technologies and products that have broad applications. Both newly-acquired business lines seamlessly fit within the product portfolio,???commented Uzi Sasson, COO & CFO of IXYS Corporation. ?e welcome the engineering and scientific team from Leadis, with the expectation that our combined R&D talents will expand IXYS???product range to the benefit of our worldwide customers in industrial, medical, automotive and consumer markets.???
About IXYS Corporation
Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve power conversion efficiency, generate clean energy, improve automation, and provide advance products for the transportation, medical and telecommunication industries. IXYS is a worldwide pioneer in the development Of power semiconductors and high voltage integrated circuits (HVIC) that are key to reducing the world? dependence on fossil fuels.
MOSFETs power semiconductors and mixed-signal integrated circuits (IC) play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of Everyday customers. With an end customer base of over 2,000 telecommunications, transportation, industrial, medical and consumer companies, IXYS is a worldwide provider of semiconductors.
Additional information may be obtained by visiting IXYS???website at http://, or by contacting the company directly.
Safe Harbor Statement
The daily press release contains forward-looking statements, including those related to market share, market penetration in lighting, growth in the LED lighting market, forecasts, growth potential at IXYS and projections for display technologies and the expansion of IXYS???product range Actual results may vary materially from those contained in the forward-looking statements, due to changes in economic conditions, technological developments, competition, unanticipated technological hurdles, limited financial resources and adverse changes in customer demand among other things. That could affect IXYS is detailed and included in IXYS???Form 10-K for the fiscal year ended March 31, 2009, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these Forward-looking statements.
Contacts
IXYS Corporation
Uzi Sasson, 408-457-9000
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