|
|
Article: STMicroelectronics To Acquire Genesis Microchip.
- Article from:
- PR Newswire
- Article date:
- December 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Acquisition strengthens STMicroelectronics' position as a semiconductor technology leader in the consumer electronics market
GENEVA and SANTA CLARA, Calif., Dec. 11 /PRNewswire-FirstCall/ -- STMicroelectronics and Genesis Microchip Inc. announced today that they have entered into a definitive agreement for STMicroelectronics to acquire Genesis Microchip. The acquisition confirms STMicroelectronics as a leading System-on-Chip (SoC) technology provider to the rapidly growing digital television and display markets.
Under the terms of the agreement, STMicroelectronics will commence a cash tender offer to purchase all of the outstanding shares of Genesis ...