Thursday June 22, 4:35 pm Eastern Time
Company Press Release
SOURCE: Silicon Laboratories, Inc.
Silicon Laboratories to Acquire Krypton Isolation -Silicon DAA Technology Pioneers Join Forces-
biz.yahoo.com
AUSTIN, Texas, June 22 /PRNewswire/ -- Silicon Laboratories Inc. (Nasdaq: SLAB - news), the mixed-signal integrated circuit (IC) innovator for the communications industry, today announced an agreement to acquire privately-held Krypton Isolation, a California-based semiconductor company. The companies agreed to complete the merger in a $42 million cash and stock transaction, expected to close in the third calendar quarter of 2000. The acquisition joins the industry's pioneers in silicon Direct Access Arrangement (DAA) technology, forming the world's leading source for innovative solutions that provide isolation between a communications system and the telephone network, as required by the FCC and equivalent agencies throughout the world.
Silicon Laboratories is a premier supplier of revolutionary CMOS IC solutions for communications applications. Silicon Labs' wireline products include a broad range of patented silicon DAA ICs, isolated embedded modems and integrated SLIC plus codec ICs. Additionally, Silicon Labs offers wireless products including the world's most integrated RF synthesizers for cellular phones and ISM-band applications. Krypton's product portfolio is focused on providing innovative silicon DAA solutions. Combined, the companies provide wireline and wireless solutions to industry leaders including 3Com, PC-Tel, SmartLink, Intel, Motorola, Samsung, Compaq, TiVo, Sony, Mitsubishi and Nokia.
``Krypton and Silicon Labs have similar approaches in business, manufacturing and technology models, making us ideal partners. This merger enhances our silicon DAA product portfolio and our engineering talent base in the important area of isolation for communication systems,'' stated Nav Sooch, chairman and CEO of Silicon Laboratories.
Gerry Yurgelites, president of Krypton Isolation stated, ``Krypton is proud to become part of a world-class organization like Silicon Labs. This merger benefits both Silicon Labs' and Krypton's customers by broadening the range of solutions available to them.''
Krypton and Silicon Labs each developed and patented silicon DAA technology that transfers data across the isolation barrier using a two-chip chipset, dramatically reducing board space, power requirements and overall system costs compared with traditional solutions. The architectural differences between the two companies' solutions allow the products to be ideally suited for different applications. Together, the companies will offer a range of solutions for applications such as PC modems, Internet appliances, fax machines, speakerphones and voicemail systems.
``The advent of silicon DAA technology dramatically reduced the cost and size of the electrical isolation required in wireline devices,'' stated Brad Fluke, vice president and general manager of Silicon Labs' wireline products division. ``Silicon Labs and Krypton pioneered this technology and hold complementary patents on innovative capacitive isolation techniques. By combining our efforts, intellectual property and engineering talent, Silicon Labs and Krypton will continue to provide the world's best mixed-signal interface solutions for communications systems.''
Krypton's personnel will continue to operate at the company's Pleasanton, CA, facility. All Krypton products will be marketed and supported under the Silicon Laboratories brandname. |
