Silicon Labs Acquires Chip Maker Touchstone Semiconductor
Silicon Laboratories, a major producer of integrated circuit (IC) products, recently announced that it had acquired the full product portfolio and intellectual property of Touchstone Semiconductor for $1.5 million. Industry analysts speculate that the technology acquisition is a part of Silicon Labs' larger strategy of gaining a larger position in the quickly growing Internet of Things (IoT) sector.
As a result of the purchase, Austin, Texas-based Silicon Labs will gain approximately 70 analog products that will help engineers reduce the power needed to run battery-operated products.
"These low-power analog components are very complementary to the existing solution that we have and allow us to sell more products into IoT applications," Silicon Lab's chief product officer, Dave Bresemann, said in a interview with EE Times. "It's well aligned with the low-power strategy we already have with the Internet of Things."
Based in Milpitas, Caliornia, Touchstone Semiconductor launched in 2010 with $12 million in backing from several Silicon Valley venture capital firms. In a different EE Times article, Touchstone's founder Brett Fox said that he did not have any intention to sell his company so quickly, but the acquisition was necessary to keep the firm afloat. Silicon Labs already had a working relationship with Touchstone and understood the business, so such a purchase made sense.
Although neither company went into detail about the specifics of the deal, EE Times reports that a "handful" of Touchstone employees will join Silicon Labs, but Brett Fox will not be one of them.
Bresemann would not say whether the acquisition would be beneficial to Silicon Lab's bottom line, but said that the product offerings from Touchstone were promising.
"These low-power analogue elements are very supporting to the current remedy that we have and allow us to offer more items into IoT programs," Silicon Lab's chief product officer, Dave Bresemann, said in a meeting with EE Times. "It's well arranged with the low-power technique we already have with the Internet of Things."
Based in Milpitas, Caliornia, Touchstone Semiconductor released truly with $12 million in support from several Silicon Valley venture capital companies. In a different EE Times content, Touchstone's creator Brett Fox said that he did not have any objective to sell his organization so easily, but the acquisition was necessary to keep the company afloat. Silicon Laboratories already had a operating connection with Touchstone and recognized the business, so such a purchase created sense.
Although neither organization went into details about the details of the deal, EE Times reviews that a "handful" of Touchstone workers will be a part of Silicon Laboratories, but Brett Fox will not be one of them.
As a result of the purchase, Austin, Texas-based Silicon Labs will gain approximately 70 analog products that will help engineers reduce the power needed to run battery-operated products.
"These low-power analog components are very complementary to the existing solution that we have and allow us to sell more products into IoT applications," Silicon Lab's chief product officer, Dave Bresemann, said in a interview with EE Times. "It's well aligned with the low-power strategy we already have with the Internet of Things."
Based in Milpitas, Caliornia, Touchstone Semiconductor launched in 2010 with $12 million in backing from several Silicon Valley venture capital firms. In a different EE Times article, Touchstone's founder Brett Fox said that he did not have any intention to sell his company so quickly, but the acquisition was necessary to keep the firm afloat. Silicon Labs already had a working relationship with Touchstone and understood the business, so such a purchase made sense.
Although neither company went into detail about the specifics of the deal, EE Times reports that a "handful" of Touchstone employees will join Silicon Labs, but Brett Fox will not be one of them.
Bresemann would not say whether the acquisition would be beneficial to Silicon Lab's bottom line, but said that the product offerings from Touchstone were promising.
"These low-power analogue elements are very supporting to the current remedy that we have and allow us to offer more items into IoT programs," Silicon Lab's chief product officer, Dave Bresemann, said in a meeting with EE Times. "It's well arranged with the low-power technique we already have with the Internet of Things."
Based in Milpitas, Caliornia, Touchstone Semiconductor released truly with $12 million in support from several Silicon Valley venture capital companies. In a different EE Times content, Touchstone's creator Brett Fox said that he did not have any objective to sell his organization so easily, but the acquisition was necessary to keep the company afloat. Silicon Laboratories already had a operating connection with Touchstone and recognized the business, so such a purchase created sense.
Although neither organization went into details about the details of the deal, EE Times reviews that a "handful" of Touchstone workers will be a part of Silicon Laboratories, but Brett Fox will not be one of them.
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