SAN FRANCISCOMixed-signal IC vendor Standard Microsystems Corp. (SMSC) has invested $4 million in USB 3.0 chip vendor Symwave Inc., the company said Thursday (Aug. 6).
SMSC (Hauppauge, N.Y.) said. The company has committed to an additional $1.3 million investment if required by Symwave (Laguna Niguel, Calif.) and has obtained the right to acquire Symwave under certain conditions, SMSC said.
The investment is part of a strategic relationship between the two companies, aimed at accelerating the delivery of end-to-end USB 3.0 solutions into high volume mobile, consumer and computing segments,
Christine King, SMSC's president and CEO, will join Symwave's board of directors as a result of the relationship, SMSC said.
"Symwave has assembled a talented team and they have developed a product roadmap which is complementary to SMSC's own plans for SuperSpeed USB," Kind said through a statement.