NEWPORT BEACH--- Conexant Broadens Market Scope With Addition of ADI’s PC Audio Codec Products
Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, video, and Internet connectivity applications, today announced that it has signed an exclusive agreement with Analog Devices, Inc. (NYSE: ADI) to manufacture, distribute, and support ADI’s PC audio codec product line. Audio codecs encode and/or decode digital data streams, enabling users to listen to voice or music on a personal computer. ADI’s PC audio codec solutions are targeted at desktop, notebook, and all-in-one PC applications, and are complementary to Conexant’s audio product portfolio. ADI’s PC audio engineering support team is now a part of Conexant’s Imaging and PC Media group, and will be based in the company’s facility in Waltham, Mass. Further terms of the transaction were not disclosed.
“This transaction is consistent with our strategy to augment our new-product investments with select acquisitions or additions in growth markets where we lead or have the opportunity to lead,” said Bernd Lienhard, senior vice president and general manager of Conexant’s Imaging and PC Media business. “The addition of ADI’s PC audio codec product line strengthens our position as a leading provider of audio solutions to PC manufacturers globally, and broadens our footprint within our existing customer base. We also gain an outstanding engineering team with a proven track record of providing superior customer service and support.”
Conexant’s innovative audio product portfolio includes high-definition (HD) audio integrated circuits, HD audio codecs, as well as speakers-on-a-chip solutions for personal computers, PC peripheral sound systems, speakers, notebook docking stations, voice-over-IP speakerphones, intercom, and audio-enabled surveillance applications.
About Conexant
Conexant’s comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, video, and Internet connectivity applications. Conexant is a fabless semiconductor company that recorded revenues of more than $500 million in fiscal year 2008. The company is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com