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marketing@nanosemi.co.uk |
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Nanotech Semiconductor Acquired by Gennum Corporation |
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Significantly Strengthens Mixed Signal Portfolio and Ability to Capitalize on Fast Growing Consumer Connectivity Market
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- Gennum Corporation (TSX: GND) announced today it has acquired Nanotech Semiconductor Limited, a leading fabless IC company specializing in advanced CMOS mixed-signal ICs for fiber optic communications. This acquisition, pursuant to which Gennum paid USD$34 million in cash and agreed to a $6m earn-out, further strengthens Gennum's growth strategy in the optical transceiver IC market by adding state-of-the-art CMOS products and technology for high volume applications such as Ethernet, PON, telecom and consumer optics.
"We are excited to join Gennum and create one of the industry's most compelling optical IC transceiver portfolios," said Gary Steele, Founder, CEO and Chairman of the Board of Nanotech. "By integrating our recognized expertise in low cost, high performance CMOS based optical products and technologies and talented employees with Gennum's high speed optical products and global organization, customers will gain access to a uniquely comprehensive portfolio and product roadmap."
Click here to read the press release issued by Gennum Corporation |
Nanotech is a Venture-Capital backed, UK based fabless chip company, focused on Analog and mixed-signal ICs principally for fiber-optics based communications.
www.nanosemi.co.uk |
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Nanotech Semiconductor Ltd., Registered Office: Cornelius House, 178-180 Church Road, Hove, East Sussex BN3 2DJ
Company Number: 04760596 VAT Number: GB 826 438 612 |
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