Silicon Image, a provider of interoperable HD connectivity offerings, has signed a definitive agreement to acquire privately-held SiBEAM, a fabless semiconductor company headquartered in Sunnyvale, California.
SiBEAM is a provider of high-speed wireless communication products for uncompressed HD video in consumer electronics and personal computer applications.
Silicon Image said that SiBEAM’s 60GHz Radio Frequency (RF) technology with multi-gigabit data rates offers the throughput of any mass market wireless offering and is compliant with both the WirelessHD and WiGig standards.
Silicon Image has agreed to pay $25.5m in cash and Silicon Image stock to acquire SiBEAM and expects to close the transaction in the second quarter of 2011.
Silicon Image chief executive officer Camillo Martino said the acquisition of SiBEAM underscores their stated mission to be the leader in advanced video connectivity offerings and SiBEAM’s 60GHz wireless technology will enable them to rapidly bring the highest quality of wirelessly transmitted HD video and audio to market.
"Silicon Image has a proven history of establishing successful global connectivity standards, including DVI, HDMI, and most recently MHL and we are looking forward to driving WirelessHD as a global connectivity standard and to delivering ‘standards plus’ products supporting both wireless and wired HD connectivity standards," Martino said.
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