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Trident takes over NXP's DTV, STB units

Posted: 07 Oct 2009 ?? ?Print Version ?Bookmark and Share

Keywords:DTV? STB? NXP Trident deal? digital home?

Trident Microsystems Inc. and NXP Semiconductors have signed a definitive agreement whereby Trident will acquire NXP's TV systems and STB business lines. Trident would remain fabless with a significant presence in Asia . Under the terms of the transaction, NXP will receive newly issued shares of Trident common stock equal to 60 percent of the total shares outstanding post-closing, including approximately 6.7 million shares that NXP will purchase at a price of $4.50 per share, resulting in cash proceeds to Trident of $30 million.

"As the fragmented consumer IC market continues to consolidate, the ability to leverage IP across multiple segments is becoming increasingly important due to the R&D investments necessary to deliver leading-edge innovation," said Sylvia Summers, president and CEO of Trident. "Through this transaction, Trident will become one of the leading global suppliers with the product portfolio, IP and operational infrastructure required to effectively serve the large, high-growth digital home entertainment market."

Including revenue from the acquired product lines, Trident would have estimated revenue of approximately $500 million in calendar 2009, with approximately 60 percent attributable to TV and 40 percent to STB. Upon closing, Trident will have an extensive portfolio of consumer IP applicable to a range of markets, with over 2,000 granted and in-process patents including motion estimation/motion compensation and conditional access, as well as advanced 45nm SoC technology. The combined product portfolio will enable Trident to offer a broad range of semiconductor solutions to the digital home market, which Trident estimates will reach $5 billion by 2010.

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