Latest News Israel

CHIP DEVELOPER SIGMA DESIGNS BUYS COPPERGATE FOR $160 MLN

Share |
Thursday, November 12th, 2009

“Our acquisition of CopperGate’s leading home and MDU solutions further strengthens our opportunities in this market … CopperGate has proven itself a leader in the IPTV market,” – Sigma’s CEO Thinh Tran

IPTV chip developer Sigma Designs Inc., of Milpitas, California, is buying Israeli software maker CopperGate Communications Ltd. for $160 million in cash and stock.  The purchase signals the intent of the semiconductor maker to strengthen its presence in the networked home-entertainment market.

CopperGate’s systems allow broadband digital content to be distributed over coaxial, phone and power cables in the home. Sigma makes chips for television set-top boxes and Blu-ray DVD players.

The combination of Sigma and CopperGate is expected to yield several potential synergies including synergies from leveraging manufacturing know-how and combined wafer sourcing, further SoC integration and combined research and development.