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Article: STMicroelectronics Completes Acquisition of Genesis Microchip.
- Article from:
- PR Newswire
- Article date:
- January 25, 2008
CopyrightCOPYRIGHT 2008 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)
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Acquisition strengthens STMicroelectronics' position as a semiconductor technology leader in the consumer electronics market
GENEVA, Jan. 25 /PRNewswire-FirstCall/ -- STMicroelectronics today announced that it has performed all necessary steps to complete its acquisition of Genesis Microchip Inc. and has therefore concluded the acquisition.
Through this acquisition, STMicroelectronics expects to expand its leadership in the $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 ...