Sigma Designs is a system-on-a-chip (SoC) for leading providers of smart home convergence solutions. These SoC support and board-level reference designs, complex system software and technical documentation form a complete solution for a variety of set-top boxes, smart TVs, media connectivity devices, and Internet of Things (IOT) devices. Headquartered in California, Sigma Designs has sales offices in China, Denmark, Hong Kong, Israel, Japan, Singapore and Taiwan..
Silicon Labs has announced that it had reached a definitive agreement to acquire Sigma Designs in a cash transaction valued at $282 million. By taking over Sigma Designs, Silicon Labs will be acquiring the former's Z-Wave-related IP and product portfolio, allowing Silicon Labs to solidify its range of wireles communication solutions for smart homes. The additional leverage will also allow Silicon Labs to more greatly influence the development of the Z-Wave standard going forward. Meanwhile, in an interesting twist in the acquisition agreement, the deal also includes a stipulation that if certain closing conditions are not met, Silicon Labs may acquire only the Z-Wave segment of Sigma for $240 million.
Sigma Designs is product portfolio consists of Media processor, system-on-chip (SoC), Z-WAVE® RF remote control, Z-WAVE chip single-chip solution, etc..