SMSC takes over networking, multimedia chip maker

SMSC has acquired OASIS SiliconSystems Holding AG, a developer of ICs for networking and multimedia devices used in automotive information applications.

The acquisition enhances SMSC's growth opportunities with automotive infotainment customers in Europe and Asia, and also brings strong systems design capabilities that SMSC can leverage in the consumer electronics and industrial markets.

"SMSC's strong business infrastructure will provide access to greater resources and an outstanding supply chain for OASIS's existing customer base, enabling us to provide them an even higher level of service and support," said Herbert Hetzel, CEO of OASIS. "Through the combination of these resources and our systems expertise in infotainment networking, we will also open the door to new opportunities with prospective customers as infotainment applications are increasingly integrated into the automotive platform. We look forward to contributing to SMSC's business expansion and becoming part of an even larger leading semiconductor organization," Hetzel added.

SMSC is a semiconductor company delivering innovative system solutions spanning analog, digital and mixed-signal technologies.