Sunday, April 29, 2007

Philips Spins Off Silicon Hive, Finally

EETAsia: The technology incubator division of Royal Philips Electronics has spun out Silicon Hive, a licensor of processor and related IP. As part of the deal, New Venture Partners, TVM Capital and Philips have together invested $10 million in the new company. Philips retains a minority stake in the newly created Silicon Hive B.V.

Silicon Hive specializes in imaging and high definition video signal processing IP, among other things.

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