The system-on-a-chip (SoC) company Sigma Designs (Nasdaq: SIGM) is soon to be the proud owner of new SoC assets from bankrupt Trident Microsystems. According to an announcement this morning, Sigma won the bidding to acquire Trident's SoC technology in the digital television space. The deal must still be approved by bankruptcy court, but it is expected to close before the second half of this year.
The Sigma Designs purchase totals up to $21 million for Trident's DTV "products, licensed intellectual property, software, working capital assets, and leased facilities." Previously, Entropic bought Trident's assets related to its set-top and DOCSIS cable modem silicon business. That deal ultimately closed for $65 million.
Assuming the latest Trident purchase goes through, Sigma Designs will have a significant new footprint in the connected TV space. Light Reading Cable notes that Trident currently supplies DTV SoCs to customers including Sony (NYSE: SNE), Vizio, LG (NYSE: LGL), and Toshiba.
For more:
- see the news release
- see this Light Reading Cable story
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