Spectra7 Microsystems Inc., a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing, is pleased to announce that it has entered into a definitive agreement effective with Parade Technologies, Ltd., an arm’s length party and a leading supplier of video display, touch controller, and high-speed interface ICs, under which Parade will acquire substantially all of the assets of Spectra7 and its subsidiaries. The Assets include intellectual property (IP), products, designs, inventory, and other specified items.
The Sale Transaction will enable Parade to both continue marketing Spectra7’s existing advanced active cable product portfolio and to leverage Spectra7’s technology in new high speed solutions. Parade anticipates that Spectra7’s cutting-edge SiGe-technology, achieving data speeds of 112 Gbps and higher, will provide valuable support for Parade’s efforts to expand into high-growth markets such as data centers, AI-powered computing, and next-generation consumer electronics.
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In addition, as part of the acquisition, it is currently anticipated that a significant number of Spectra7’s employees will join Parade, ensuring continuity of technical expertise and customer support.
“We are thrilled by this outcome and excited to close this transaction. Spectra7‘s pioneering work and best-in-class Active Copper Cable products have a great partner in Parade, a powerhouse in the industry. Our customers, partners and industry will benefit tremendously.” – Omar Javaid, CEO of Spectra7.
Source: PRNewswire
