GEO completes acquisition of Maxim Integrated’s digital video processing business

USA: GEO Semiconductor Inc. has completed the acquisition of the digital video processing business from Maxim Integrated Products Inc. GEO is now the industry leader with a full range of IP covering all the needed elements for success in multiple mass-markets.

As a result of the acquisition, GEO’s IP portfolio now totals approximately 100 patents, including world-class H.264 video compression and audio processing technology. The transaction also provides GEO immediate access to broader markets such as IP and Cloud camera, Smart TV, surveillance, telepresence video communications and smartphone peripherals.

These markets complement GEO’s increasing focus on automotive camera and HUD opportunities. Combining GEO’s proprietary technology with the IP acquired from Maxim will enable single-chip solutions for all of these markets, increasing market share and lowering costs to customers.

GEO’s chairman and CEO, Paul Russo, commented: “We are very pleased to add the Maxim digital video processing team to GEO. Together, we are well-positioned for future growth. With the acquisition of assets from Silicon Optix and Maxim, GEO now has more than 40 customers in volume production.

"We expect this customer base to expand rapidly as we introduce new world-class single-chip (SoC) solutions combining our eWarp technology with H.264 compression that reduce the bill of materials and drive massive adoption into these rapidly growing markets. This transaction is transformational for GEO as we are seeing an explosion in camera-based applications in mobile, automotive and industrial applications.”