"We are pleased to acquire this significant group of patents that has direct application to our industry," said Bertrand F. Cambou, executive chairman of Crocus Technology. "A robust intellectual property portfolio is crucial to building a strong business in competitive technology markets, and this acquisition is the latest step in Crocus' continuing efforts to build an industry leading patent position."
With this recent acquisition, Crocus holds over 100 issued and pending patents in magnetic semiconductor technology covering magnetic materials, devices, and design and product technology. Excluding this NXP acquisition, the bulk of Crocus' patents have been developed by Crocus engineers and scientists or result from its exclusive partnership with Spintec, one of the world's leading magnetic research laboratories based in Grenoble, France.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.4 billion in 2010.
About Crocus Technology
Crocus Technology is a leading developer of magnetic semiconductor technology for dense, non-volatile, high-speed, scalable chip solutions for general and special purpose applications. The company's TAS innovation originated in the Grenoble-based Spintec laboratory, a world-leading R&D center in Spintronics, affiliated with French national laboratories CEA and CNRS. The company will offer discrete, high density memory chips that target a wide variety of telecommunication, networking, storage, computing and handheld applications. The company also licenses its technology for both standalone and embedded chip applications. Crocus' technology is covered by a comprehensive patent portfolio. Find Crocus at: www.crocustechnology.com.
SOURCE Crocus Technology
Kerry Elliott, for Crocus Technology