NXP sells business lines to home entertainment specialist

"As the fragmented consumer ic market continues to consolidate, the ability to leverage IP across multiple segments is becoming increasingly important due to the R&D investments necessary to deliver leading edge innovation," said Sylvia Summers, Trident's president and ceo. "Through this transaction, Trident will become one of the leading global suppliers with the product portfolio, IP and operational infrastructure required to effectively serve the large, high growth digital home entertainment market." Following the acquisition, Trident will have a wide portfolio of consumer IP, with more than 2000 granted and in process patents including motion estimation/motion compensation and conditional access, as well as advanced 45nm SoC technology. "We believe the consumer ic business is a large, high growth opportunity, best served by a company dedicated to this market with a highly efficient operating infrastructure," said Rick Clemmer, pictured, NXP's president and ceo. "As the single largest shareholder in the expanded Trident, NXP can continue to take part in the significant upside opportunity for this business while achieving another major milestone in NXP's plans to focus and lead in high performance mixed signal."