Just another semiconductor acquisition but with and interesting twist:
Highlights of the transaction include:
“This transaction creates an extensive semiconductor IP portfolio that will now include GPU cores, vision image processors, digital signal processors, video codecs, mixed signal IP and foundry foundation IP,” said Wayne Dai, VeriSilicon chairman, president and chief executive officer. “We expect our combined technology and scale will enable us to further extend our franchises in the automotive, IoT, mobility, and consumer market segments. Additionally, we share a strong culture of innovation and creativity that will provide significant benefits to our semiconductor, system and Internet platform customers by delivering best-in-class IP, design services and turnkey ASICs. This Silicon Platform as a Service (SiPaaS[SUP]TM[/SUP]) model enables our customers to deliver high-quality, differentiated products in the fastest and most cost-effective way possible.”
“Together, VeriSilicon and Vivante will be well positioned to achieve even greater success,” said Weijin Dai, Vivante chief executive officer. “Our technology has been instrumental in providing PC-quality performance and experience at mobile power levels to create life-like graphics across a number of key end market segments and applications. VeriSilicon shares our vision for providing exceptional technology solutions that meet the unique requirements of automotive and IoT customers, as well as mobility, consumer and gaming customers. Our complementary products and capabilities will enable the combined company to pursue significant new growth opportunities, while delivering even greater value to customers, employees and shareholders.”
Wayne is Weijin's older brother. They also have a common customer in Marvell. The president and co-founder of Marvell is Weili Dai their younger sister.
Before founding VeriSilicon, Wayne co-founded Celestry which was acquired by Cadence. Before Vivante, WeiJin co-founded Silicon Perspective which was acquired by Cadence. I cannot think of a more successful set of semiconductor siblings in Silicon Valley...
Siblings or not this is a great acquisition. Verisilicon is preparing to go public, which is another way to get acquired, lets see if this acquisition speeds things along. Most likely suitor in my opinion is SMIC. A dedicated design enablement group is an important part of the fabless semiconductor ecosystem. TSMC has GUC, UMC has Faraday, and GlobalFoundries has Invecus.
Highlights of the transaction include:
- Revenue for the combined company of more than $180 million for the year ended December 31, 2014;
- Expected to be accretive to VeriSilicon’s non-GAAP earnings;
- Establishes richer IP portfolio with the addition of licensable graphic cores (GPU);
- Expands opportunities in the automotive market with established top OEM customers;
- Increases exposure and content in IoT applications, as well as mobility applications, including smartphones, tablets, and connected TVs;
- Leverages VeriSilicon’s extensive IP portfolio, design services capabilities and established direct sales channels worldwide;
- Expands Tier 1 customer base
“This transaction creates an extensive semiconductor IP portfolio that will now include GPU cores, vision image processors, digital signal processors, video codecs, mixed signal IP and foundry foundation IP,” said Wayne Dai, VeriSilicon chairman, president and chief executive officer. “We expect our combined technology and scale will enable us to further extend our franchises in the automotive, IoT, mobility, and consumer market segments. Additionally, we share a strong culture of innovation and creativity that will provide significant benefits to our semiconductor, system and Internet platform customers by delivering best-in-class IP, design services and turnkey ASICs. This Silicon Platform as a Service (SiPaaS[SUP]TM[/SUP]) model enables our customers to deliver high-quality, differentiated products in the fastest and most cost-effective way possible.”
“Together, VeriSilicon and Vivante will be well positioned to achieve even greater success,” said Weijin Dai, Vivante chief executive officer. “Our technology has been instrumental in providing PC-quality performance and experience at mobile power levels to create life-like graphics across a number of key end market segments and applications. VeriSilicon shares our vision for providing exceptional technology solutions that meet the unique requirements of automotive and IoT customers, as well as mobility, consumer and gaming customers. Our complementary products and capabilities will enable the combined company to pursue significant new growth opportunities, while delivering even greater value to customers, employees and shareholders.”
Wayne is Weijin's older brother. They also have a common customer in Marvell. The president and co-founder of Marvell is Weili Dai their younger sister.
Before founding VeriSilicon, Wayne co-founded Celestry which was acquired by Cadence. Before Vivante, WeiJin co-founded Silicon Perspective which was acquired by Cadence. I cannot think of a more successful set of semiconductor siblings in Silicon Valley...
Siblings or not this is a great acquisition. Verisilicon is preparing to go public, which is another way to get acquired, lets see if this acquisition speeds things along. Most likely suitor in my opinion is SMIC. A dedicated design enablement group is an important part of the fabless semiconductor ecosystem. TSMC has GUC, UMC has Faraday, and GlobalFoundries has Invecus.
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