LONDON In order to fund its IC businesses for the foreseeable future, digital power IC vendor iWatt Inc. (Los Gatos, Calif.) has announced the sale of its IKOR power module division to Integrated Device Technology Inc. (Santa Clara, Calif.).
Privately-held iWatt, did not disclose the value of the sale.
"The sale of IKOR will allow iWatt to fund the rapid development of new products in three major growth markets, LED lighting, LCD-TV backlighting and AC-DC ICs for cell phone chargers and network adapters," said Ron Edgerton, president and CEO of iWatt, in a statement. "March was a record month for revenue and units shipped. Q1'10 revenue increased over 70 percent as compared to Q1'09 and the remainder of 2010 is projected to continue rapid growth. We are expanding our Asia design support center which will be moving into a new building to accommodate our growth in 2010 and beyond," Edgerton added.
The company also announced the iW7040, a 64-channel LED backlight IC. The iW7040 reduces direct costs for backlit LCD televisions by between $10 and $15 per TV and makes it easier for TV manufacturers to achieve Energy Star 5.0 requirements by reducing power consumption by between 5 and 10 watts per TV. The company said was comparing against previous best-in-class LCD TVs.