SAN JOSE, Calif.--The Fabless Semiconductor Association (FSA) Wednesday (May 26) said that worldwide public fabless company revenue hit $8.2 billion in the first quarter of 2004, up 37 percent from the like period a year ago.
The FSA also concluded that there were 19 merger/acquisition deals in the fabless sector in Q1, totaling $1.5 billion. This was the most fabless M&A activity since Q1 2000, when there were 20 deals worth $5.5 billion.
The FSA also noted that 18 fabless companies have been involved in initial public offering (IPO) activity to date, compared to no fabless IPO activity during the same timeframe in 2003.
Qualcomm Inc.'s CDMA Technologies Division led all public fabless companies in sales in Q1 with $711 million. Broadcom Corp. was second with $573 million, while Nvidia Corp. was third with $472 million.