Multimedia chip designer Silicon Image is setting up a wireless division following the $25m acquisition of 60GHz chip pioneer SiBeam.
“The SiBEAM acquisition supports our long-term growth strategy to offer a full range of HD connectivity options based on wired and wireless industry standards,” said Camillo Martino, chief executive officer of Silicon Image, Inc. “SiBEAM’s 60GHz Radio Frequency (RF) technology complements our HD connectivity portfolio by adding WirelessHD-compliant semiconductor products that deliver the highest throughput of any mass market wireless solution available today.”
As a result of the acquisition, Silicon Image’s headcount will increase by approximately 50 people to a total worldwide headcount of approximately 500 employees. SiBEAM’s high-speed wireless communication products will be integrated into Silicon Image’s newly formed Wireless Division, headed by John LeMoncheck, former president and chief executive officer of SiBEAM and Silicon Image’s new vice president and general manager, Wireless Division, reporting to Martino.
“We are excited to be part of the Silicon Image team and are looking forward to delivering a world class wireless product portfolio that combines the strengths of SiBEAM’s 60GHz technology with Silicon Image’s leadership in HD connectivity products,” said LeMoncheck.
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