Silicon Valley-based Chip Company Publicly Traded on Taiwan Stock Market
SAN JOSE, Calif. — (BUSINESS WIRE) — September 13, 2011 — Parade Technologies, Ltd. ( http://www.paradetech.com), a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards, announced that public trading of its shares will begin today as a result of the company’s initial public offering ( IPO). The fabless semiconductor company is being publicly listed on Taiwan’s GreTai Securities Market (GTSM) (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs used in computers, consumer electronics and display panels.
“Parade is excited to cross this important milestone in our corporate development,” explains Jack Zhao, Chairman and CEO at Parade Technologies. “Our IPO will enable Parade to expand our product offerings and marketing efforts.”
Founded in 2005, Parade received venture capital from strategic investors, including Intel Capital, UMC, Asia Vest Partners and Legend Capital. The company’s IPO was led by underwriter Mega Securities Co., Ltd. in Taiwan.
About Parade Technologies, Ltd. and Parade Technologies, Inc.
Parade Technologies, Ltd. is a privately held fabless semiconductor company that specializes in developing video display and high-speed interface ICs. The company leverages high-speed analog, mixed-signal and digital design expertise with system level knowledge to elevate product performance, power efficiency and customer satisfaction to new heights. Parade recently delivered its 100 millionth IC. The company was chosen by the Global Semiconductor Alliance as a finalist for the ‘Startup to Watch’ Award in both 2009 and 2010.
Parade Technologies, Inc., a wholly owned subsidiary of Parade Technologies, Ltd, is located in San Jose, California. Parade Technologies, Inc. can be reached at (408) 329-5540, or on the Internet at http://www.paradetech.com.
PR for Parade Technologies, Inc.
Spencer Horowitz, +1-408-832-9616