Assets Purchased from Touchstone Semiconductor Enhance Silicon Labs'
Energy-Friendly Embedded Portfolio for the Internet of Things
AUSTIN, Texas--(BUSINESS WIRE)--
Silicon
Labs (NASDAQ: SLAB), a leader in high-performance, analog-intensive,
mixed-signal ICs, today announced the purchase of the full product
portfolio and intellectual property of California-based Touchstone
Semiconductor Inc., an early-stage power management technology company
and provider of high-performance, low-power analog IC products. Silicon
Labs purchased the assets of Touchstone for $1.5 million.
Touchstone's low-power analog products and technologies complement
Silicon Labs' embedded portfolio of energy-friendly microcontrollers
(MCUs), wireless products and sensors for the Internet of Things (IoT)
market. The transaction adds almost 70 analog products to Silicon Labs'
portfolio including op-amps, current sense amplifiers, low-power
analog-to-digital converters (ADCs), comparators, power management ICs,
timers, and voltage detectors and references. When combined with Silicon
Labs' existing embedded portfolio, these high-performance analog
products enable new levels of power savings in battery-operated systems,
which are becoming more prevalent in the IoT market. Silicon Labs will
continue to sell the Touchstone IC products under the Silicon Labs name
and plans to expand this product line going forward.
"As the IoT market expands exponentially, developers require an
ever-widening array of low-power MCUs, wireless ICs, sensors and power
management technologies for battery-powered end-nodes," said Tyson
Tuttle, CEO of Silicon Labs. "IoT end-node designs require the utmost in
energy efficiency to maximize battery life without compromising
performance. This asset purchase adds valuable energy-saving analog
technology and products to enhance our embedded portfolio for the IoT."
Silicon Labs
Silicon Labs 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 patented semiconductor
solutions offers customers significant advantages in performance, size
and power consumption. For more information about Silicon Labs, please
visit www.silabs.com.
Cautionary Language
This press release contains forward-looking statements based on Silicon
Labs' current expectations. The words "believe," "estimate," "expect,"
"intend," "anticipate," "plan," "project," "will," "expanding,"
"growing," and similar phrases as they relate to Silicon Labs or
Touchstone Semiconductor are intended to identify such forward-looking
statements. These forward-looking statements reflect the current views
and assumptions of Silicon Labs 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 Touchstone Semiconductor's technology, risks that
the asset purchase may not yield the expected benefits due to the
failure to properly integrate the acquired products and technologies;
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
associated with the competitive and cyclical nature of the semiconductor
industry and other factors that are detailed in Silicon Labs' filings
with the SEC. Silicon Labs 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.
Silicon Labs
Deborah Stapleton, 650-470-4200
deborah.stapleton@silabs.com
Source: Silicon Labs
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