Mindspeed Technologies, Inc. (MSPD), a leading supplier of semiconductor solutions for communications infrastructure applications, today announced that it has retained Morgan Stanley & Co. LLC as financial advisor to assist the board of directors in evaluating various strategic alternatives available to the company.
MEMSIC, Inc. (MEMS), a leading MEMS solution provider, today announced that it has agreed to be acquired by IDG-Accel China Capital II, L.P. and its affiliates MZ Investment Holdings Limited and MZ Investment Holdings Merger Sub Limited (collectively, “IDG”), for $4.225 per share in cash. Affiliates of IDG currently hold approximately 19.5% of the company’s outstanding common stock. IDG and its affiliates will acquire all the outstanding shares of common stock of MEMSIC that are not currently owned by them, including shares underlying outstanding in-the-money equity awards, for approximately $88.5 million.
Superconductor Technologies Inc. (STI) (SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, announces that it has recently received purchase orders from multiple customers for its Conductus(R) 2G HTS wire. The backlog from these purchase orders along with other wire shipments that STI has committed to as of April 15, 2013 are expected to exhaust production capacity until at least the third quarter of 2013.
MicroVision helps OEMs fuel the next generation of innovation in electronics
MicroVision (MVIS), a leader in innovative ultra-miniature projection display technology, today announced a development agreement with a prominent electronics company to incorporate MicroVision’s ground breaking PicoP® display technology into a display engine that could enable a variety of new products.
Under the agreement MicroVision is supporting the OEM’s development of a display engine based on patented PicoP display technology and includes $4.6 million in development fees to MicroVision over the next 13 months. The companies have begun commercial negotiations with the expectation that licensing and component supply agreements would constitute the next stage of engagement leading to the OEM’s introduction of commercial products.
Lattice Semiconductor Corporation ( NASDAQ : LSCC ) today updated its guidance for the first quarter ending March 30, 2013 to reflect customer demand strength in the communications and consumer market segments.
