Fabless semiconductor developer Entropic Communications has acquired the direct broadcast satellite intellectual property and corresponding technologies from PLX Technology for a total of US$12m.
Entropic will pay US$8m for the assets and US$4m in a…
Fabless semiconductor developer Entropic Communications has acquired the direct broadcast satellite intellectual property and corresponding technologies from PLX Technology for a total of US$12m.
Entropic will pay US$8m for the assets and US$4m in a one-time licensing fee for intellectual property.
Entropic stated that the acquired assets are complementary to its current direct broadcast satellite outdoor unit product portfolio. The company added that the move is part of its long-range strategic plan to position itself at the forefront as the DBS market transitions to Sat-IP, where satellite signals are converted to internet protocol and distributed over an IP network to any IP-enabled multimedia device, including a smartphones, tablets and connect TVs.
Vinay Gokhale, senior vice president of corporate development and strategy at Entropic, commented: “The transaction with PLX provides key technologies that will accelerate our DBS ODU product roadmap. We currently deliver the largest product portfolio for single cable technologies, supporting DBS operators worldwide. We are optimistic our newly acquired assets will provide a path to future technologies, ultimately leading toward highly-integrated products that incorporate broadband capture and IP output.”
Entropic’s last acquisition was in April 2012 when it snapped up the set-top-box business of Trident Microsystems, the STB and television semiconductor solutions specialist that filed for Chapter 11 bankruptcy protection at the beginning of the year. Under an asset purchase agreement between the two, Entropic acted as a stalking horse bidder for the STB assets, eventually paying US$55m in cash plus the assumption of specified liabilities following bankruptcy court approval.
