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8-K - FORM 8-K - TRIDENT MICROSYSTEMS INC | f54860e8vk.htm |
EX-3.6 - EX-3.6 - TRIDENT MICROSYSTEMS INC | f54860exv3w6.htm |
EX-10.40 - EX-10.40 - TRIDENT MICROSYSTEMS INC | f54860exv10w40.htm |
EX-4.5 - EX-4.5 - TRIDENT MICROSYSTEMS INC | f54860exv4w5.htm |
EX-99.2 - EX-99.2 - TRIDENT MICROSYSTEMS INC | f54860exv99w2.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Press Contacts:
NXP:
Pieter van Nuenen
pieter.van.nuenen@nxp.com
+31 40 27 25398
Pieter van Nuenen
pieter.van.nuenen@nxp.com
+31 40 27 25398
Trident:
Kelly Karr
kelly.karr@taniscomm.com
(408) 718-9350
Kelly Karr
kelly.karr@taniscomm.com
(408) 718-9350
Investor Contacts:
NXP:
Albert Hollema
albert.hollema@nxp.com
+31 40 27 25610
Albert Hollema
albert.hollema@nxp.com
+31 40 27 25610
Trident:
John Swenson
john.swenson@tridentmicro.com
(408) 764-8899
John Swenson
john.swenson@tridentmicro.com
(408) 764-8899
Trident Microsystems and NXP Complete Transaction to
Combine Set-top Box and Television Systems Business Lines
Santa Clara, Calif. and Eindhoven, The Netherlands February 8, 2010 Trident
Microsystems, Inc. (NASDAQ: TRID) and NXP Semiconductors today announced the closing
of Tridents acquisition of NXPs television systems and set-top box business lines, a
transaction first announced on Oct. 5, 2009. The integration of NXPs business lines
with Trident immediately creates a global leader in the digital home entertainment
segment, establishing Trident as one of the top three providers to both the television
and set-top box markets.
If revenue from the newly acquired business lines had been included, Trident estimates
that it would have achieved revenue of approximately $500 million in calendar 2009,
with approximately 60% attributable to television and 40% to set-top box sales. The
combination of Tridents existing business with NXPs television systems and set-top
box business lines now provides Trident, in which NXP has received a 60% share
interest, with an extensive portfolio of consumer IP. This portfolio comprises over
2,000 granted and in-process patents including motion estimation/motion compensation
and conditional access as well as advanced 45nm system-on-chip (SoC) technology. The
complementary portfolio will enable Trident to offer an extensive range of innovative
semiconductor solutions to the digital home entertainment market, which Trident
estimates will reach $5 billion in 2010.
Integrating NXPs set-top box and digital television business lines with Trident
immediately delivers the size and economies of scale needed to lead this market, with
the broad product portfolio, IP expertise and operational infrastructure to support
growth, said Sylvia Summers, chief executive officer, Trident Microsystems, Inc.
Both the digital TV and set-top box markets share a significant amount of intellectual
property. Through this acquisition, Trident can further accelerate innovation by
leveraging an expanded IP portfolio, SoC design expertise, competitive cost structure
and deep relationships throughout the TV and set-top box OEM customer base and
ecosystem. These attributes will enable Trident to extend its TV leadership position
and become a strong challenger to the incumbent leaders in the set-top box business.
The combination of Tridents DTV and NXPs STB and TV lines is an important milestone
for both NXP and Trident and also for our customers, said Rick Clemmer, president and
chief executive officer, NXP Semiconductors. Platforms in the digital home
entertainment market are converging, and as a result, our customers value the
tremendous innovation that is made possible by combining best-in-class IP for both TV
and set-top box products under one roof.
Trident has undertaken a strategy to expand its applicable markets. In 2009, Trident
acquired select product lines from Micronas, designed to strengthen its position in
the digital television market. With the acquisition of the NXP set-top box and
television lines, Trident has delivered on its promise to enter the set-top box market
and is committed to expanding on the strong foothold NXP has established with its
customers to become a leader in set-top box.
NXP and Trident intend to now cooperate in the development of complementary end-to-end
solutions in other selected high-growth technology areas, including NXPs silicon
tuner product lines. Trident will be fabless and have access to state-of-the-art
technology and manufacturing capacity from NXPs manufacturing facilities, as well as
the partner foundries and subcontractors of both companies. As a result of the terms
and conditions agreed between the parties, NXP will account for its investment in
Trident under the equity method.
Sylvia Summers remains the CEO of Trident. Christos Lagomichos, former EVP of NXPs
Home business unit, is president. Pete Mangan serves as executive vice president and
chief financial officer, and Saeid Moshkelani will lead research and development as
executive vice president.
Trident now employs approximately 1,700 people worldwide, across 12 countries. Through
its network of centers of excellence in North America and Europe, and its extensive
engineering resources worldwide, Trident is structured to continue its dedication to
customer support for its television and set-top box customers.
About Trident Microsystems:
Trident Microsystems, Inc., with headquarters in Santa Clara, California, is a leading
force in the digital home entertainment market, delivering an extensive range of
innovative multimedia semiconductor solutions for digital televisions and set-top
boxes at the heart of todays digital home. Trident has been making bold moves to
expand its market, deepen and more fully leverage its Intellectual Property (IP)
portfolio, and drive the evolution of the connected home. Its acquisition of NXP
Semiconductors set-top box and television business lines in 2010 establishes Trident
as one of the top three semiconductor providers to both the TV and set-top box
markets. For further information about Trident and its products, please consult the
Companys web site: http://www.tridentmicro.com.
About NXP Semiconductors:
NXP Semiconductors provides High Performance Mixed Signal and Standard Product solutions
that leverage its leading RF, Analog, Power, Digital Processing and manufacturing
expertise. These innovations are used in a wide range of automotive, industrial,
consumer, lighting, medical, computing and identification applications. Headquartered in
Europe, the company has about 29,000 employees working in more than 30 countries and
posted sales of USD 5.4 billion in 2008.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 which represent the current expectations and
beliefs of management of Trident concerning the impact of the acquisition by Trident of the
television systems and set-top box business lines from NXP, including statements regarding
the potential revenue that may be generated from the newly acquired product lines, the
potential size of the digital home entertainment market, and the ability of Trident to
leverage the broad product portfolio, IP expertise and operational infrastructure of the
combined businesses to support growth, and the ability of Trident to extend its TV
leadership position and become a strong challenger to the incumbent leaders in the set-top
box business.
These forward-looking statements are subject to certain risks and uncertainties, and
actual results could vary materially depending on a number of factors. These risks
include, in particular, our ability to realize the benefits from our acquisition of
product lines from NXP, our ability to build upon our core strengths, including our
technology, engineering team, competitive cost structure and strong balance sheet, the
timing of product introductions, the ability to obtain design wins among major OEMs for
Tridents products, and competitive pressures, including pricing and competitors new
product introductions, the impact of the uncertain global macroeconomic environment, the
increasingly competitive DTV market and our ability to retain key employees. Additional
factors that may affect Tridents business are described in detail in Tridents filings
with the Securities and Exchange Commission available at http://www.sec.gov. Such
forward-looking statements should not be relied upon as representing Tridents views or
expectations as of any subsequent date and Trident does not undertake any obligation to
revise or update any such forward-looking statement to reflect events or circumstances
that may arise after the statement was made.