GigPeak – Magnum Semiconductor

GigOptix, which offers semiconductor communications components to use in cloud connectivity, data center and wireless networks, in April announced it would acquire Magnum Semiconductor for $55 million.

Magnum Semiconductor offers silicon ICs, SoCs, software and IP for the video broadcast and IoT camera markets. When the acquisition closed, GigPeaksaid that the two companies will be renamed GigPeak. The company also stressed that the acquisition expands and differentiates its GigPeak product portfolio and addressable markets and provides additional growth opportunities into the broadcasting, IoT and consumer markets.

"With the addition of Magnum Semiconductor, we have taken a meaningful step in expanding our product portfolio to further enhance our mission of enabling high-speed and high-quality information streaming end-to-end over the network, from the core to the consumer," said Dr. Avi Katz, GigOptix's Founder, Chairman of the Board of Directors and Chief Executive Officer, in a statement.