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Big news after the close
Tuesday May 4, 4:02 pm Eastern Time
Company Press Release
SOURCE: Silicon Storage Technology, Inc.
SST Announces Acquisition of Linvex Technology, Corp.
SUNNYVALE, Calif., May 4 /PRNewswire/ -- SST (Silicon Storage Technology, Inc.) (Nasdaq: SSTI - news) announced today that it has signed a definitive agreement to acquire Linvex Technology, Corp. (Linvex), a three-year old, privately held, specialty memory design house. This is purely a stock transaction and is expected to be immaterial to SST's financial statements.
''We plan to offer a new breed of memory products based on SST's SuperFlash® technology and Linvex's low power, high performance SRAM design technology aimed at wireless communication and other portable electronic products,'' said Bing Yeh, president and CEO of SST. ''This acquisition allows us to reduce time-to-market significantly,'' added Bing Yeh.
''We were impressed with SST's SuperFlash technology while working with TSMC as a foundry customer. We are extremely pleased to join forces with SST, to offer a more complete memory solution to the market place,'' said Paul Lui, president of Linvex.
About SuperFlash Technology
SST's SuperFlash technology is a NOR type, split-gate cell architecture which uses a reliable thick-oxide process with fewer manufacturing steps resulting in a low-cost, non-volatile memory solution with excellent data retention and higher reliability. The split-gate NOR SuperFlash architecture facilitates a simple and flexible design suitable for high performance, high reliability, small or medium sector size, in- or off-system programming and a variety of densities, all in a single CMOS-compatible technology. SuperFlash technology is available to third-party customers through its world-class licensed foundries.
About Linvex
Linvex Technology Corp. is a privately held corporation. Linvex has produced a number of memory products based on RAM/ROM combination since late 1996.
About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and markets a diversified range of nonvolatile memory solutions, based on proprietary, patented SuperFlash technology, for the computer, communications and consumer markets. SST's product families include low-cost, high-functionality flash memory components and CompactFlash card mass storage products. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees: Acer Semiconductor Manufacturing, Inc.(ACER), IBM, Samsung Electronics Co. Ltd., Sanyo Electric Co. Ltd., Seiko Epson Corp., and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). Further information on SST can be found on the company's website at ssti.com.
NOTE: The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc.
SOURCE: Silicon Storage Technology, Inc. |
