F- silicon acquisition NXP LED lighting drive business

Taiwan media news analogy F- silicon chip design industry following the end of last year announced the acquisition of the letter (Maxim) smart meter and energy monitoring departments, today again to start the acquisition strategy, dongzuo Chen Wei announced, not only to $105 million acquisition of smart meter and U.S. energy monitoring department, also will not exceed 20 million the price of $, buy NXP LED lighting product line.

Chen Wei pointed out that the letter is smart meter and energy performance monitoring of the leading manufacturers, acquisition related departments can rapidly expand the silicon market share and product line, the market of America and China, has been widely used in the smart meter, in Europe and the India market also has development potential; to energy monitoring can be applied to the Internet of things field. Silicon power acquisition of the United States (Maxim) smart meter and energy monitoring business case, is expected to be completed in the first quarter of this year to buy.

At the same time as the rapid expansion of the production line, Chen Wei also announced today, re start the acquisition strategy, will not exceed $20 million, bought the NXP LED lighting product line, point in time for the first half of this year. Chen Wei added, LED lighting is widely used, currently in the United States and Japan market scale, emerging markets also have growth potential, through the acquisition of NXP LED lighting product line, will let the silicon quickly into the high order lighting market in Europe and the United states.

As of the end of the third quarter of last year, the hands of silicon on hand about $70 million, for the lack of funds required for the acquisition of the two places, short-term loans to banks due to.

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