TOKYO--In a move to strengthen its activities in digital television broadcasting systems, Mitsubishi Electric Corp. today announced plans to invest $5 million in Silicon Valley-based TeraLogic Inc. by the end of this month. The three-year-old U.S. startup develops and supplies chip sets for digital TV broadcast equipment and other video applications.
Based in Mountain View, Calif., TeraLogic has raised $50 million to pursue a range of applications, including digital TV, satellite set-top decoders, DVD, Internet TV, and video games. The company has also developed software for a new method of image compression and decompression (codec) technology that TeraLogic says is fast, efficient, symmetrical, and scalable for transmission applications and digital imaging, such as in cameras.
Mitsubishi said it plans to offer set-top boxes incorporating system-level integrated ICs.