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| [December 06, 2012] |
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GEO Semiconductor to Acquire 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 entered into an agreement to
acquire the digital video processing business from Maxim Integrated
Products, Inc. (NASDAQ:MXIM). The transaction is expected to close prior
to December 31, 2012. The terms of the transaction were not disclosed.
Through this acquisition, GEO expands its IP portfolio to approximately
100 patents, including a world-class H.264 video compression and audio
processing portfolio. This transaction will also provide GEO immediate
and greater access to markets such as IP camera, Smart TV, surveillance,
tele-presence 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 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, "This transaction is
transformational for GEO as we are seeing an explosion in camera-based
applications in mobile, automotive and industrial applications.
Combining our eWarp technology with H.264 compression enables the
creation ofworld-class single-chip (SoC) solutions that reduce the bill
of materials and drive massive adoption into these rapidly growing
markets."
Brian Gannon, general manager of Maxim's digital video processing
business commented, "This is a phenomenal combination of IP, products
and talent. The combined business will have the impressive collection of
video compression technology, streaming audio and video, pioneering
'eWarp' geometric correction and Emmy award-winning Realta video
processing technology."
About GEO Semiconductor
GEO is the industry leader in programmable, high performance geometric
processor ICs focused on smartphone peripherals, automotive cameras &
HUDs and 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
digital ePTZ (electronic pan/tilt/zoom). In addition, eWarp processors
can simultaneously correct for optical distortion and stitch together
multiple camera video streams, allowing unlimited numbers of views
(transformations) at no additional cost. These capabilities,
particularly in automotive camera and HUD markets, result in lower
optical system costs as well as significantly reduced manufacturing
costs through digital 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 is headquartered in Santa Clara, California with
offices in Toronto and Orlando, and sales channels around the world. www.geosemi.com.
About Maxim Integrated
At Maxim
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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