Monday, April 2, 2012

Sigma Designs to Acquire Trident's Digital TV

In a bankruptcy proceeding, Sigma Designs was the successful bidder to acquire certain assets of Trident Microsystems' Digital Television (DTV) Business, which includes certain products, licensed intellectual property, software, working capital assets and leased facilities. The deal was for $21 million in cash plus assumption of specified liabilities upon the closing of the transaction.

Trident’s DTV Business supplies global System-on-a-Chip (SoC) products for set top boxes. Sigma expects to make employment offers to approximately 300 employees of the Trident DTV Business, most of whom are engineers located in China.

"Sigma Designs’ acquisition of the DTV business assets of Trident Microsystems represents a significant step forward in our company’s long term strategy of being the industry’s leading provider of advanced SoC solutions for converged media platforms,�? said Thinh Tran, Sigma Designs’ Chairman and CEO.