GigOptix Acquires Magnum Semiconductor for $55,000,000

  • Feed Type
  • Date
    4/5/2016
  • Company Name
    Magnum Semiconductor
  • Mailing Address
    591 Yosemite Drive Milpitas, CA 95035 USA
  • Company Description
    Magnum Semiconductor is a leading provider of chips, software, and platforms for consumer entertainment systems. Magnum provides the tools and technologies for recording, storing, managing, viewing, and exchanging audio and video throughout the home, and on the go!
  • Website
    http://www.magnumsemi.com
  • Transaction Type
    M&A
  • Transaction Amount
    $55,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    All stock transaction. The acquisition of Magnum Semiconductor, our eighth acquisition since inception, is another important step in realizing our initial 2007 roadmap vision and strategic plan to expand GigOptix through inorganic and organic growth. With the addition of Magnum Semiconductor, we have taken a meaningful step in expanding our product portfolio to further enhance our mission of enabling high-speed and high-quality information streaming end-to-end over the network, from the core to the consumer.

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