AUSTIN, Texas, Apr 28, 2010 (BUSINESS WIRE) -- Silicon Laboratories Inc. (Nasdaq: SLAB) today announced the acquisition
of Silicon Valley-based Silicon Clocks, an early stage company creating
innovative microelectromechanical system (MEMS) technology. Silicon
Clocks' CMEMS(TM) (CMOS+MEMS) technology is aligned with Silicon Labs'
efforts to leverage its CMOS-based
timing products into high-volume applications such as consumer
electronics.
Silicon Clocks pioneered the development of a MEMS process technology
that allows for the fabrication of MEMS resonators and other sensor
structures directly on top of standard CMOS wafers. This approach will
eliminate the need for boutique semiconductor processing and enables new
levels of performance, integration, and size by eliminating the
electrical parasitics and packaging issues associated with traditional
solutions that co-package a standalone MEMS device and an IC.
"The Silicon Clocks team has created a very innovative MEMS technology
that is designed to be compatible with standard CMOS mixed-signal ICs,
enabling a new category of timing products that reduce system cost and
optimize performance in a tiny footprint," said Mark Downing, vice
president of business development and corporate strategy for Silicon
Laboratories. "In addition, we believe this is a strategic technology
platform uniquely capable of integrating several different MEMS with
their associated CMOS circuitry on the same monolithic die."
Silicon Clocks will augment Silicon Labs' R&D team and bring 20 key
patents to the company.
About Silicon Clocks
Headquartered in Fremont, CA, Silicon Clocks was founded in 2006 to
develop high performance semiconductor timing and sensor designs and its
patented CMEMS(TM) technology. Silicon Clocks was backed by leading venture
investors including Tallwood Venture Capital, Charles River Ventures,
Formative Ventures, Lux Capital and Silicon Labs. For more information
visit www.siliconclocks.com
About Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a
world-class engineering team with unsurpassed expertise in mixed-signal
design, Silicon Labs' diverse portfolio of highly-integrated,
easy-to-use products offers customers significant advantages in
performance, size and power consumption. These patented solutions serve
a broad set of markets and applications including consumer,
communications, computing, industrial and automotive.
Headquartered in Austin, TX, Silicon Labs is a global enterprise with
operations, sales and design activities worldwide. The company is
committed to contributing to our customers' success by recruiting the
highest quality talent to create industry-changing innovations. For more
information about Silicon Labs, please visit www.silabs.com.
Cautionary Language
This press release contains forward-looking statements based on Silicon
Laboratories' current expectations. The words "believe," "estimate,"
"expect," "intend," "anticipate," "plan," "project," "will,"
"expanding," "growing," and similar phrases as they relate to Silicon
Laboratories or Integration Associates are intended to identify such
forward-looking statements. These forward-looking statements reflect the
current views and assumptions of Silicon Laboratories and are subject to
various risks and uncertainties that could cause actual results to
differ materially from expectations. Among the factors that could cause
actual results to differ materially from those in the forward-looking
statements are the following: risks related to the successful completion
of the development and implementation of Silicon Clocks' technology,
risks that the acquisition may not yield the expected benefits due to
the failure to properly integrate the acquired business and employees;
risks that the acquired business' products and processes under
development may fail to achieve market acceptance; risks of disputes
regarding the acquired business and intellectual property; risks that
the performance of Silicon Laboratories' existing business may not
offset the dilutive effect of the acquisition; risks associated with the
competitive and cyclical nature of the semiconductor industry and other
factors that are detailed in Silicon Laboratories' filings with the SEC.
Silicon Laboratories disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Note to editors: Silicon Laboratories, Silicon Labs and the Silicon
Labs logo are trademarks of Silicon Laboratories Inc. All other product
names noted herein may be trademarks of their respective holders.
SOURCE: Silicon Laboratories Inc.
Silicon Laboratories Inc.
Shannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
Copyright Business Wire 2010