M&A Deal Summary

Magnum Semiconductor Acquires Cirrus Logic - Video Product Line Assets

On May 25, 2005, Magnum Semiconductor acquired semiconductors company Cirrus Logic - Video Product Line Assets from Cirrus Logic

Acquisition Highlights
  • This is Magnum Semiconductor’s 1st transaction in the Semiconductors sector.
  • This is Magnum Semiconductor’s 1st transaction in the United States.
  • This is Magnum Semiconductor’s 1st transaction in California.

M&A Deal Summary

Date 2005-05-25
Target Cirrus Logic - Video Product Line Assets
Sector Semiconductors
Buyer(s) Magnum Semiconductor
Sellers(s) Cirrus Logic
Deal Type Divestiture

Target

Cirrus Logic - Video Product Line Assets

Austin, California, United States
Cirrus Logic, Inc. - Video Product Line Assets is a provider of semiconductor products and services.

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Buyer(S) 1

Buyer

Magnum Semiconductor

Milpitas, California, United States

Category Company
Founded 2005
Sector Semiconductors
DESCRIPTION

Magnum Semiconductor, Inc. is a provider of silicon ICs, SoCs, software and IP for the professional video broadcast and IoT camera markets.


DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Cirrus Logic

Austin, Texas, United States

Category Company
Founded 1984
Sector Semiconductors
Employees1,609
Revenue 1.8B USD (2024)
DESCRIPTION
Cirrus Logic's headquarters in downtown Austin, Texas.
Cirrus Logic's headquarters in downtown Austin, Texas.

Cirrus Logic is a provider of high-precision analog and digital signal processing components for the audio and energy markets. Cirrus Logic was founded in 1984 and is based in Austin, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Semiconductors M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
State: California M&A 3 of 3
Country: United States M&A 4 of 5
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-10 Stream Machine Co.

Milpitas, California, United States

Stream Machine Co., is a digital home entertainment, providing cost effective semiconductor solutions that enable industry video and audio compression. Stream Machine's proprietary compression technology offers the highest quality video over the widest range of bit-rates and is compatible with all the important consumer standards, including MPEG-2, MP3, and Dolby Digital.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 Caretta Integrated Circuits Co.

Shanghai, China

Caretta Integrated Circuits Co. Ltd. is a fabless integrated circuit (IC) design company based in Shanghai.

Buy $11M