OSAKA, Japan and SAN JOSE, Calif., Sept.
16, 2014 /PRNewswire/ -- MegaChips Technology America
Corporation (MegaChips America) announced that following the
signature of an agreement with STMicroelectronics (NYSE: STM, "ST")
and final closing on September 2, it
has acquired 9 smart connectivity products based on DisplayPort TM
technology that ST decided to discontinue last year, along with its
related assets, business and products in development.
During the transition, ST and MegaChips ensured continuity of
products and services to customers. A number of employees engaged
in product development and marketing in relation to the acquired
business from ST, joined MegaChips America. This group included Mr.
Alan Kobayashi, currently the chair
of VESA (Video Standards Association), who joined MegaChips America
as a Fellow and Product Development Manager.
"We believe this acquisition will strengthen MegaChips America's
ability to offer innovative solutions to its customers in
high-speed digital connectivity," said Koichi Akeyama, President of
MegaChips America. "MegaChips America has been actively developing
products that enable high-speed communications to bring multimedia
to the home and the smart connectivity products based on
DisplayPort technology will enable that content to be easily shared
and played on a variety of systems."
"This acquisition positions MegaChips Corporation to promote
DisplayPort standardization activity. In addition to leveraging
synergy with its existing technologies, the company would be able
to offer system-level solutions and high-quality support to tier1
customers across the globe," said Akira
Takata, President and CEO of MegaChips Corporation.
"MegaChips is currently one of the leading suppliers of ICs that
are used in a wide variety of flat-panel displays such as TV's,
laptops and general signage."
About MegaChips Technology America Corporation ("MegaChips
America") MegaChips America is a wholly owned subsidiary of
MegaChips Corporation (TSE 6875) headquartered in Osaka, Japan. MegaChips and MegaChips America
are fabless LSIs companies, focused on the development of system
LSIs and system products that incorporate original algorithms and
architecture. Customers use MegaChips solutions for their office
automation, networking and storage needs in a wide range of areas,
including imaging, audio, home networking, security and
communications environments. MegaChips America is headquartered in
San Jose, California, with design
centers at Osaka, Tokyo and Chiba in Japan and Bangalore in India of MegaChips Corporation. For more
information, contact the company at 408-570-0555, or visit
http://www.megachips.us.
Contacts:
Amir Sheikholeslam
VP of Marketing
DisplayPort Division
MegaChips Technology America Corporation
San Jose USA
Tel: 408-570-0555 (ext 7658)
Email: asheikholeslami@megachips.us
SOURCE MegaChips Corporation (Japan), MegaChips Technology America
Corporation