|[January 03, 2013]
GEO Semiconductor Completes Acquisition of Maxim Integrated's Digital Video Processing Business
SANTA CLARA, Calif. --(Business Wire)--
GEO Semiconductor Inc. ("GEO"), the industry leader in high performance,
geometric processing solutions and inventor of the "eWarp" technology
platform, announced today that it has completed the acquisition of the
digital video processing business from Maxim Integrated Products (News - Alert), Inc.
(NASDAQ:MXIM). GEO is now the industry leader with a full range of IP
covering all the needed elements for success in multiple mass-markets.
As a result of the acquisition, GEO's IP portfolio now totals
approximately 100 patents, including world-class H.264 video compression
and audio processing technology. The transaction also provides GEO
immediate access to broader markets such as IP and Cloud camera, Smart
TV, surveillance, telepresence video communications and smartphone
peripherals. These markets complement GEO's increasing focus on
automotive camera and HUD opportunities. Combining GEO's proprietary
technology with the IP acquired from Maxim will enable single-chip
solutions for all of these markets, increasing market share and lowering
costs to customers.
GEO's Chairman and CEO, Paul Russo, commented, "We are very pleased to
add the Maxim digital video processing team to GEO. Together, we are
well-positioned for future growth. With the acquisition of assets from
Silcon Optix and Maxim, GEO now has more than 40 customers in volume
production. We expect this customer base to expand rapidly as we
introduce new world-class single-chip (SoC) solutions combining our
eWarp technology with H.264 compression that reduce the bill of
materials and drive massive adoption into these rapidly growing markets.
This transaction is transformational for GEO as we are seeing an
explosion in camera-based applications in mobile, automotive and
About GEO Semiconductor
GEO, with 100 patents and applications, is the industry leader in
programmable, high performance geometric processor ICs, H.264 CODECS,
video, audio and human interface technologies. GEO is focused on
smartphone peripherals, automotive cameras & HUDs, Smart TV, cloud and
Skype (News - Alert) communications as well as surveillance & video communication
markets. GEOs highly patented eWarp platform technology features the
lowest power and silicon cost for performing unlimited pixel
transformations such as de-warping wide-angle, fisheye and 360 degree
video streams and enabling all camera and HUD calibration... GEO's Emmy
Award winning Realta (real-time processing of video algorithms in
software, trillions ops/sec) platform technology, enables ICs that can
perform Hollywood-proven video processing in software and in real time
on a single device. GEO's H.264 CODEC and human interface (gestures,
voice processing) ICs are already in volume production with over 40
customers worldwide. GEO is headquartered in Santa Clara, California
with offices in Bangalore (India), Cambridge (UK), Toronto (Canada) and
Orlando, and sales channels around the world. www.geosemi.com.
About Maxim Integrated
Integrated, we put analog together in a way that sets our customers
apart. In Fiscal 2012, we reported revenues of $2.4 billion.
GEO Semiconductor and the cube logo are among the trademarks of GEO
Semiconductor Inc. Any other trademarks or trade names mentioned are the
property of their respective owners.
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