Product category:
Communications ICs (Wireless)
News Release from: STMicroelectronics
Edited by the Electronicstalk Editorial
Team on 28 January 2008
Acquisition expands digital TV IC share
Genesis Microchip will enhance STMicroelectronics' technological capabilities for the transition to fully digital TV solutions and strengthen its product and IP portfolio.
STMicroelectronics has completed its acquisition of Genesis Microchip, which it reckons will expand its leadership in the US $1.5 billion digital TV market, one of the fastest growing segments in consumer semiconductors Genesis Microchip will enhance STMicroelectronics' technological capabilities for the transition to fully digital solutions in this segment and strengthen its product and intellectual-property portfolio
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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"STMicroelectronics is a leader in digital consumer technologies, with a strong position in set-top box compression and decompression technologies and 'front end' processing technologies in digital TV.
Genesis is a leader in 'back-end' image and video processing and digital interconnect technologies", says Philippe Lambinet, Corporate Vice President and General Manager of STMicroelectronics' Home Entertainment and Displays Group.
"Now that we have combined the two companies, ST will have the products, technology, IP and expertise to offer best-in-class integrated DTV solutions that our customers are increasingly demanding".
Genesis will be integrated into STMicroelectronics' Home Entertainment and Displays Group.
Elias Antoun, the Chief Executive Officer of Genesis, has joined STMicroelectronics and will lead STMicroelectronics' television and display initiatives, reporting to Philippe Lambinet.
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