Trident completes acquisition of three consumer product lines from Micronas

Trident Microsystems, a provider of semiconductor system solutions for the multimedia and digital television markets, has completed the acquisition of selected assets of the frame rate converter, demodulator and audio product lines of Micronas Semiconductor Holding.

According to Trident, the acquisition of assets includes products, technology and intellectual property used in Micronas's FRC line of frame rate converters, the DRX line of demodulators and all of the Micronas audio processing products.

The consideration paid to Micronas consisted of seven million shares of Trident common stock and warrants to acquire up to three million additional Trident shares.

Sylvia Couder, CEO and president of Trident, said: "This acquisition is an important step and catalyst in achieving our vision to re-emerge as a leading digital television multimedia solutions provider. We are excited about the opportunities the combined product portfolio will bring as this acquisition will expand the markets and customers we serve, upgrade our intellectual property, as well as reduce our expected cash burn rate."

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